2024 JOD to MVR Historical Review

YEARLY HIGH

21.9354 MVR

YEARLY LOW

20.3965 MVR

YEARLY AVERAGE

21.7266 MVR

2024 JOD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 21.9354. Conversely, the yearly low was recorded on May 2, dropping to 20.3965.

This high-to-low spread represents a total annual volatility of 1.5389 MVR. From a start-to-finish perspective, comparing the January average rate of 21.7095 to the December average rate of 21.7254, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 21.9354 was up 0.47% compared to the 2023 peak of 21.8331, 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 109,677 MVR

2023 Average 108,364 MVR

Yearly Trough Low 101,983 MVR

Transaction Impact: A difference of 7,694.46 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

21.8162

21.6487

JanuMarcMayJulySeptNove

JOD to MVR 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 21.7454, compared to 21.7077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0377 points.

H1 Avg (Jan–Jun) 21.7454

H2 Avg (Jul–Dec) 21.7077

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.4181 MVR (High: 21.8146 / Low: 20.3965). On the other end, September was the most stable month, with a tight range of 0.0202 MVR (High: 21.6796 / Low: 21.6594).

May Spread (Volatile) ±1.4181

September Spread (Stable) ±0.0202

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0433 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0433

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 21.7716) against the same month in 2023 (average: 21.6698), the exchange rate shifted by +0.1018 (+0.47%).

2024 Avg (March) 21.7716

2023 Avg (March) 21.6698

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.7287	21.6953	21.7095
February	21.7560	21.6472	21.7104
March	21.9354	21.7207	21.7716
April	21.8146	21.7873	21.8022
May	21.8146	20.3965	21.7589
June	21.7943	21.5394	21.7199
July	21.8146	21.6594	21.7233
August	21.7652	21.6563	21.7006
September	21.6796	21.6594	21.6681
October	21.6735	21.6411	21.6626
November	21.8023	21.6542	21.7664
December	21.8023	21.7085	21.7254