2024 JOD to INR Historical Review

YEARLY HIGH

120.9627 INR

YEARLY LOW

116.6921 INR

YEARLY AVERAGE

118.0303 INR

2024 JOD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 120.9627. Conversely, the yearly low was recorded on March 7, dropping to 116.6921.

This high-to-low spread represents a total annual volatility of 4.2706 INR. From a start-to-finish perspective, comparing the January average rate of 117.1487 to the December average rate of 119.8553, the exchange rate registered a net change of 2.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 120.9627 was up 2.80% compared to the 2023 peak of 117.6633, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 JOD based on timing:

Yearly Peak High 604,813 INR

2023 Average 582,119 INR

Yearly Trough Low 583,461 INR

Transaction Impact: A difference of 21,352.82 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

120.1398

116.7257

JanuMarcMayJulySeptNove

JOD to INR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 117.3988, compared to 118.6619 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2631 points.

H1 Avg (Jan–Jun) 117.3988

H2 Avg (Jul–Dec) 118.6619

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 1.7025 INR (High: 120.9627 / Low: 119.2601). On the other end, February was the most stable month, with a tight range of 0.3002 INR (High: 117.1417 / Low: 116.8414).

December Spread (Volatile) ±1.7025

February Spread (Stable) ±0.3002

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1385 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 119.8553) against the same month in 2023 (average: 117.3385), the exchange rate shifted by +2.5167 (+2.14%).

2024 Avg (December) 119.8553

2023 Avg (December) 117.3385

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	117.4323	116.7860	117.1487
February	117.1417	116.8414	117.0102
March	117.9336	116.6921	117.1647
April	118.0581	117.3996	117.6873
May	117.8706	117.1568	117.6004
June	118.0372	117.2215	117.7815
July	118.2078	117.7223	117.9652
August	118.5205	118.1538	118.3612
September	118.5173	117.8283	118.2511
October	118.7293	118.3545	118.5764
November	119.2180	118.5814	118.9620
December	120.9627	119.2601	119.8553