2024 KWD to JMD Historical Review

YEARLY HIGH

519.2295 JMD

YEARLY LOW

497.1019 JMD

YEARLY AVERAGE

509.5881 JMD

2024 KWD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KWD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 519.2295. Conversely, the yearly low was recorded on April 3, dropping to 497.1019.

This high-to-low spread represents a total annual volatility of 22.1276 JMD. From a start-to-finish perspective, comparing the January average rate of 504.1785 to the December average rate of 508.3135, the exchange rate registered a net change of 0.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 519.2295 was up 1.42% compared to the 2023 peak of 511.9777, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,596,147 JMD

2023 Average 2,506,581 JMD

Yearly Trough Low 2,485,509 JMD

Transaction Impact: A difference of 110,638.15 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

518.3135

501.3735

JanuMarcMayJulySeptNove

KWD to JMD 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 505.8728, compared to 513.3034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.4305 points.

H1 Avg (Jan–Jun) 505.8728

H2 Avg (Jul–Dec) 513.3034

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 10.3730 JMD (High: 507.4749 / Low: 497.1019). On the other end, October was the most stable month, with a tight range of 3.6432 JMD (High: 518.4679 / Low: 514.8247).

April Spread (Volatile) ±10.3730

October Spread (Stable) ±3.6432

Growth Streaks & Declines

Trends

Between June and October, 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 November and December, when the average rate fell by 7.6585 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -7.6585

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 515.9720) against the same month in 2023 (average: 503.6043), the exchange rate shifted by +12.3677 (+2.46%).

2024 Avg (November) 515.9720

2023 Avg (November) 503.6043

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	506.8014	500.4236	504.1785
February	510.7242	504.9394	508.0584
March	506.5650	497.9691	502.7852
April	507.4749	497.1019	503.6851
May	510.5789	506.2101	508.7630
June	509.8829	505.2208	507.7667
July	513.0644	507.6421	511.2644
August	515.4637	509.0405	512.7840
September	517.3476	509.0296	514.5845
October	518.4679	514.8247	516.9019
November	519.2295	511.7313	515.9720
December	512.1684	504.9854	508.3135