2024 JOD to MMK Historical Review

YEARLY HIGH

4581.6283 MMK

YEARLY LOW

2946.8619 MMK

YEARLY AVERAGE

2991.9036 MMK

2024 JOD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 4581.6283. Conversely, the yearly low was recorded on May 19, dropping to 2946.8619.

This high-to-low spread represents a total annual volatility of 1634.7664 MMK. From a start-to-finish perspective, comparing the January average rate of 2959.5683 to the December average rate of 2958.1149, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4581.6283 was up 53.35% compared to the 2023 peak of 2987.7813, 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 22,908,142 MMK

2023 Average 14,798,404 MMK

Yearly Trough Low 14,734,310 MMK

Transaction Impact: A difference of 8,173,831.93 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3237.3061

2932.7339

JanuMarcMayJulySeptNove

JOD to MMK 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 2982.2692, compared to 3001.5379 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.2687 points.

H1 Avg (Jan–Jun) 2982.2692

H2 Avg (Jul–Dec) 3001.5379

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 1621.2784 MMK (High: 4581.6283 / Low: 2960.3499). On the other end, September was the most stable month, with a tight range of 0.8357 MMK (High: 2961.1856 / Low: 2960.3499).

July Spread (Volatile) ±1621.2784

September Spread (Stable) ±0.8357

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 251.6290 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -251.6290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 3211.9251) against the same month in 2023 (average: 2957.5498), the exchange rate shifted by +254.3753 (+8.60%).

2024 Avg (July) 3211.9251

2023 Avg (July) 2957.5498

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2967.7738	2951.9396	2959.5683
February	2988.2518	2955.7839	2962.0348
March	2970.0958	2949.1554	2960.6271
April	2970.5367	2954.3726	2961.5549
May	2967.8914	2946.8619	2961.6335
June	3502.1117	2957.1026	3088.1966
July	4581.6283	2960.3499	3211.9251
August	2961.1856	2959.9323	2960.2961
September	2961.1856	2960.3499	2960.4753
October	2961.1856	2957.8458	2959.9864
November	2958.6800	2957.4288	2958.4297
December	2958.6800	2957.4288	2958.1149