2024 JOD to MWK Historical Review

YEARLY HIGH

2459.4443 MWK

YEARLY LOW

2354.6649 MWK

YEARLY AVERAGE

2429.9770 MWK

2024 JOD to MWK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JOD to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 9, valuing the pair at 2459.4443. Conversely, the yearly low was recorded on March 21, dropping to 2354.6649.

This high-to-low spread represents a total annual volatility of 104.7794 MWK. From a start-to-finish perspective, comparing the January average rate of 2371.8929 to the December average rate of 2444.3161, the exchange rate registered a net change of 3.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2459.4443 was up 3.09% compared to the 2023 peak of 2385.7669, 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 12,297,221 MWK

2023 Average 8,014,809 MWK

Yearly Trough Low 11,773,324 MWK

Transaction Impact: A difference of 523,897.05 MWK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2456.3660

2364.2136

JanuMarcMayJulySeptNove

JOD to MWK 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 2413.6619, compared to 2446.2920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.6301 points.

H1 Avg (Jan–Jun) 2413.6619

H2 Avg (Jul–Dec) 2446.2920

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 104.0740 MWK (High: 2458.7389 / Low: 2354.6649). On the other end, July was the most stable month, with a tight range of 9.5598 MWK (High: 2449.2028 / Low: 2439.6430).

March Spread (Volatile) ±104.0740

July Spread (Stable) ±9.5598

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 November and December, when the average rate fell by 2.3467 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.3467

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 2445.7513) against the same month in 2023 (average: 1444.4095), the exchange rate shifted by +1001.3418 (+69.33%).

2024 Avg (June) 2445.7513

2023 Avg (June) 1444.4095

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2378.9612	2363.4004	2371.8929
February	2395.3321	2369.3182	2374.0711
March	2458.7389	2354.6649	2396.5307
April	2456.2641	2439.2086	2447.5743
May	2456.6107	2432.9977	2446.1510
June	2459.4443	2440.0516	2445.7513
July	2449.2028	2439.6430	2445.8745
August	2450.2833	2427.4064	2443.9698
September	2459.0878	2443.3851	2448.2423
October	2457.4948	2444.6268	2448.6867
November	2456.9021	2440.1296	2446.6628
December	2449.1848	2434.8322	2444.3161