2024 MMK to JMD Historical Review

YEARLY HIGH

0.0760 JMD

YEARLY LOW

0.0481 JMD

YEARLY AVERAGE

0.0739 JMD

2024 MMK to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MMK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 0.0760. Conversely, the yearly low was recorded on July 20, dropping to 0.0481.

This high-to-low spread represents a total annual volatility of 0.0280 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0739 to the December average rate of 0.0746, the exchange rate registered a net change of 0.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0760 was up 2.04% compared to the 2023 peak of 0.0745, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 380 JMD

2023 Average 367 JMD

Yearly Trough Low 240 JMD

Transaction Impact: A difference of 139.76 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0761

0.0692

JanuMarcMayJulySeptNove

MMK 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 0.0736, compared to 0.0741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0736

H2 Avg (Jul–Dec) 0.0741

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0265 JMD (High: 0.0746 / Low: 0.0481). On the other end, May was the most stable month, with a tight range of 0.0007 JMD (High: 0.0748 / Low: 0.0740).

July Spread (Volatile) ±0.0265

May Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between July and November, 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 May and June, when the average rate fell by 0.0030 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0755) against the same month in 2023 (average: 0.0741), the exchange rate shifted by +0.0015 (+2.01%).

2024 Avg (November) 0.0755

2023 Avg (November) 0.0741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0742	0.0733	0.0739
February	0.0748	0.0740	0.0745
March	0.0744	0.0731	0.0736
April	0.0744	0.0729	0.0739
May	0.0748	0.0740	0.0744
June	0.0746	0.0629	0.0714
July	0.0746	0.0481	0.0698
August	0.0751	0.0739	0.0747
September	0.0752	0.0741	0.0749
October	0.0757	0.0750	0.0755
November	0.0760	0.0750	0.0755
December	0.0751	0.0741	0.0746