2024 MXN to FJD Historical Review

YEARLY HIGH

0.1374 FJD

YEARLY LOW

0.1099 FJD

YEARLY AVERAGE

0.1235 FJD

2024 MXN to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.1374. Conversely, the yearly low was recorded on November 12, dropping to 0.1099.

This high-to-low spread represents a total annual volatility of 0.0275 FJD. From a start-to-finish perspective, comparing the January average rate of 0.1309 to the December average rate of 0.1139, the exchange rate registered a net change of -12.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1374 was up 1.38% compared to the 2023 peak of 0.1355, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 6,869 FJD

2023 Average 6,298 FJD

Yearly Trough Low 5,495 FJD

Transaction Impact: A difference of 1,374.78 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1372

0.1092

JanuMarcMayJulySeptNove

MXN to FJD 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 0.1316, compared to 0.1154 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0162 points.

H1 Avg (Jan–Jun) 0.1316

H2 Avg (Jul–Dec) 0.1154

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0142 FJD (High: 0.1330 / Low: 0.1188). On the other end, February was the most stable month, with a tight range of 0.0024 FJD (High: 0.1330 / Low: 0.1306).

June Spread (Volatile) ±0.0142

February Spread (Stable) ±0.0024

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 May and June, when the average rate fell by 0.0106 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.1348) against the same month in 2023 (average: 0.1225), the exchange rate shifted by +0.0123 (+10.08%).

2024 Avg (April) 0.1348

2023 Avg (April) 0.1225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1328	0.1294	0.1309
February	0.1330	0.1306	0.1316
March	0.1366	0.1319	0.1343
April	0.1374	0.1318	0.1348
May	0.1365	0.1327	0.1343
June	0.1330	0.1188	0.1237
July	0.1268	0.1204	0.1240
August	0.1201	0.1109	0.1165
September	0.1162	0.1106	0.1127
October	0.1163	0.1116	0.1135
November	0.1143	0.1099	0.1115
December	0.1155	0.1111	0.1139