2024 NAD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NAD to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NAD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 919.8083. Conversely, the yearly low was recorded on February 26, dropping to 809.7848.
This high-to-low spread represents a total annual volatility of 110.0235 IDR. From a start-to-finish perspective, comparing the January average rate of 831.5660 to the December average rate of 881.6754, the exchange rate registered a net change of 6.03% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 919.8083 was down 0.59% compared to the 2023 peak of 925.2516, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NAD to IDR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 850.9425, compared to 881.4205 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 30.4780 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 64.8214 IDR (High: 919.8083 / Low: 854.9868). On the other end, July was the most stable month, with a tight range of 19.1734 IDR (High: 903.1981 / Low: 884.0246).
Growth Streaks & Declines
TrendsBetween February and July, 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 July and August, when the average rate fell by 17.3109 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 888.2370) against the same month in 2023 (average: 798.3801), the exchange rate shifted by +89.8570 (+11.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 846.9572 | 816.9134 | 831.5660 |
| February | 845.8672 | 809.7848 | 825.6092 |
| March | 841.6613 | 821.7782 | 833.6068 |
| April | 867.9082 | 841.9391 | 852.8080 |
| May | 886.3323 | 863.1730 | 873.8277 |
| June | 919.8083 | 854.9868 | 888.2370 |
| July | 903.1981 | 884.0246 | 891.0871 |
| August | 893.0239 | 861.8467 | 873.7762 |
| September | 884.9797 | 860.5857 | 870.3381 |
| October | 903.5607 | 874.7513 | 888.0571 |
| November | 901.8775 | 871.2501 | 883.5891 |
| December | 904.4407 | 862.3948 | 881.6754 |