2024 MVR to JOD Historical Review

YEARLY HIGH

0.0490 JOD

YEARLY LOW

0.0456 JOD

YEARLY AVERAGE

0.0460 JOD

2024 MVR to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.0490. Conversely, the yearly low was recorded on March 19, dropping to 0.0456.

This high-to-low spread represents a total annual volatility of 0.0034 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0461 to the December average rate of 0.0460, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0490 was up 5.41% compared to the 2023 peak of 0.0465, 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 245 JOD

2023 Average 231 JOD

Yearly Trough Low 228 JOD

Transaction Impact: A difference of 17.20 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0462

0.0458

JanuMarcMayJulySeptNove

MVR to JOD 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 0.0460, compared to 0.0461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0460

H2 Avg (Jul–Dec) 0.0461

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0032 JOD (High: 0.0490 / Low: 0.0458). On the other end, September was the most stable month, with a tight range of 0.0000 JOD (High: 0.0462 / Low: 0.0461).

May Spread (Volatile) ±0.0032

September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0460) against the same month in 2023 (average: 0.0462), the exchange rate shifted by -0.0003 (-0.58%).

2024 Avg (May) 0.0460

2023 Avg (May) 0.0462

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0461	0.0460	0.0461
February	0.0462	0.0460	0.0461
March	0.0460	0.0456	0.0459
April	0.0459	0.0458	0.0459
May	0.0490	0.0458	0.0460
June	0.0464	0.0459	0.0460
July	0.0462	0.0458	0.0460
August	0.0462	0.0459	0.0461
September	0.0462	0.0461	0.0462
October	0.0462	0.0461	0.0462
November	0.0462	0.0459	0.0459
December	0.0461	0.0459	0.0460