2024 MZN to JMD Historical Review

YEARLY HIGH

2.5225 JMD

YEARLY LOW

2.3928 JMD

YEARLY AVERAGE

2.4477 JMD

2024 MZN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MZN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 2.5225. Conversely, the yearly low was recorded on April 3, dropping to 2.3928.

This high-to-low spread represents a total annual volatility of 0.1297 JMD. From a start-to-finish perspective, comparing the January average rate of 2.4309 to the December average rate of 2.4494, the exchange rate registered a net change of 0.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5225 was up 2.93% compared to the 2023 peak of 2.4508, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,613 JMD

2023 Average 12,061 JMD

Yearly Trough Low 11,964 JMD

Transaction Impact: A difference of 648.32 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4861

2.4130

JanuMarcMayJulySeptNove

MZN 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 2.4341, compared to 2.4612 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0271 points.

H1 Avg (Jan–Jun) 2.4341

H2 Avg (Jul–Dec) 2.4612

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.1141 JMD (High: 2.5225 / Low: 2.4084). On the other end, July was the most stable month, with a tight range of 0.0193 JMD (High: 2.4552 / Low: 2.4360).

January Spread (Volatile) ±0.1141

July Spread (Stable) ±0.0193

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0306 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.4309) against the same month in 2023 (average: 2.3930), the exchange rate shifted by +0.0379 (+1.58%).

2024 Avg (January) 2.4309

2023 Avg (January) 2.3930

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5225	2.4084	2.4309
February	2.4647	2.4310	2.4480
March	2.4420	2.3953	2.4191
April	2.4517	2.3928	2.4245
May	2.4566	2.4292	2.4458
June	2.4485	2.4243	2.4365
July	2.4552	2.4360	2.4475
August	2.4671	2.4282	2.4523
September	2.4723	2.4333	2.4590
October	2.4887	2.4622	2.4789
November	2.4968	2.4606	2.4800
December	2.4651	2.4370	2.4494