2024 MVR to JMD Historical Review

YEARLY HIGH

10.8126 JMD

YEARLY LOW

9.8902 JMD

YEARLY AVERAGE

10.1525 JMD

2024 MVR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 10.8126. Conversely, the yearly low was recorded on April 3, dropping to 9.8902.

This high-to-low spread represents a total annual volatility of 0.9224 JMD. From a start-to-finish perspective, comparing the January average rate of 10.0686 to the December average rate of 10.1515, 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 10.8126 was up 5.66% compared to the 2023 peak of 10.2333, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,063 JMD

2023 Average 50,115 JMD

Yearly Trough Low 49,451 JMD

Transaction Impact: A difference of 4,611.78 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10.3450

9.9850

JanuMarcMayJulySeptNove

MVR 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 10.0871, compared to 10.2179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1307 points.

H1 Avg (Jan–Jun) 10.0871

H2 Avg (Jul–Dec) 10.2179

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.7713 JMD (High: 10.8126 / Low: 10.0413). On the other end, July was the most stable month, with a tight range of 0.0954 JMD (High: 10.1991 / Low: 10.1037).

May Spread (Volatile) ±0.7713

July Spread (Stable) ±0.0954

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 February and March, when the average rate fell by 0.1432 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1432

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 10.1339) against the same month in 2023 (average: 10.0426), the exchange rate shifted by +0.0913 (+0.91%).

2024 Avg (May) 10.1339

2023 Avg (May) 10.0426

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.1235	9.9934	10.0686
February	10.2230	10.0831	10.1582
March	10.1247	9.9096	10.0150
April	10.1224	9.8902	10.0354
May	10.8126	10.0413	10.1339
June	10.2247	10.0551	10.1118
July	10.1991	10.1037	10.1565
August	10.2570	10.0939	10.1879
September	10.2773	10.1188	10.2284
October	10.3500	10.2400	10.3150
November	10.3267	10.1720	10.2678
December	10.2103	10.1010	10.1515