2024 JOD to IRR Historical Review

YEARLY HIGH

59633.0275 IRR

YEARLY LOW

59249.4715 IRR

YEARLY AVERAGE

59372.7372 IRR

2024 JOD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 59633.0275. Conversely, the yearly low was recorded on January 27, dropping to 59249.4715.

This high-to-low spread represents a total annual volatility of 383.5561 IRR. From a start-to-finish perspective, comparing the January average rate of 59271.5824 to the December average rate of 59477.9451, the exchange rate registered a net change of 0.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 59633.0275 was down 0.29% compared to the 2023 peak of 59807.9367, 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 298,165,138 IRR

2023 Average 297,642,819 IRR

Yearly Trough Low 296,247,357 IRR

Transaction Impact: A difference of 1,917,780.32 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

59498.5813

59250.9461

JanuMarcMayJulySeptNove

JOD to IRR 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 59335.6390, compared to 59409.8353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 74.1963 points.

H1 Avg (Jan–Jun) 59335.6390

H2 Avg (Jul–Dec) 59409.8353

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 320.1061 IRR (High: 59616.1987 / Low: 59296.0925). On the other end, August was the most stable month, with a tight range of 42.7885 IRR (High: 59428.3698 / Low: 59385.5813).

April Spread (Volatile) ±320.1061

August Spread (Stable) ±42.7885

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 44.2549 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -44.2549

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 59414.2334) against the same month in 2023 (average: 59624.0343), the exchange rate shifted by -209.8009 (-0.35%).

2024 Avg (September) 59414.2334

2023 Avg (September) 59624.0343

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59336.2458	59249.4715	59271.5824
February	59378.0849	59271.0096	59286.5099
March	59329.0074	59280.6770	59303.5410
April	59616.1987	59296.0925	59358.3515
May	59607.7878	59334.8850	59378.6969
June	59616.1987	59370.1509	59415.1524
July	59616.1987	59378.5271	59408.8818
August	59428.3698	59385.5813	59401.4144
September	59633.0275	59393.9608	59414.2334
October	59599.3793	59343.7192	59400.3961
November	59378.0849	59319.0469	59356.1411
December	59582.5695	59328.3056	59477.9451