2024 MGA to JMD Historical Review

YEARLY HIGH

0.0356 JMD

YEARLY LOW

0.0330 JMD

YEARLY AVERAGE

0.0345 JMD

2024 MGA to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 10, valuing the pair at 0.0356. Conversely, the yearly low was recorded on December 24, dropping to 0.0330.

This high-to-low spread represents a total annual volatility of 0.0026 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0340 to the December average rate of 0.0333, the exchange rate registered a net change of -2.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0356 was down 1.76% compared to the 2023 peak of 0.0362, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 178 JMD

2023 Average 173 JMD

Yearly Trough Low 165 JMD

Transaction Impact: A difference of 12.76 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0355

0.0331

JanuMarcMayJulySeptNove

MGA 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 0.0347, compared to 0.0342 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0347

H2 Avg (Jul–Dec) 0.0342

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0011 JMD (High: 0.0352 / Low: 0.0342). On the other end, February was the most stable month, with a tight range of 0.0004 JMD (High: 0.0346 / Low: 0.0342).

March Spread (Volatile) ±0.0011

February Spread (Stable) ±0.0004

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 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0353) against the same month in 2023 (average: 0.0348), the exchange rate shifted by +0.0005 (+1.51%).

2024 Avg (April) 0.0353

2023 Avg (April) 0.0348

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0344	0.0335	0.0340
February	0.0346	0.0342	0.0344
March	0.0352	0.0342	0.0346
April	0.0356	0.0350	0.0353
May	0.0355	0.0349	0.0353
June	0.0351	0.0344	0.0348
July	0.0351	0.0343	0.0347
August	0.0348	0.0340	0.0343
September	0.0348	0.0342	0.0346
October	0.0348	0.0342	0.0345
November	0.0345	0.0336	0.0341
December	0.0337	0.0330	0.0333