2024 NOK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NOK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NOK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 15.2116. Conversely, the yearly low was recorded on December 26, dropping to 13.6473.
This high-to-low spread represents a total annual volatility of 1.5644 JMD. From a start-to-finish perspective, comparing the January average rate of 14.9116 to the December average rate of 13.9291, the exchange rate registered a net change of -6.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 15.2116 was down 2.87% compared to the 2023 peak of 15.6611, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NOK to JMD 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 14.6219, compared to 14.4744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1475 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.8455 JMD (High: 14.9893 / Low: 14.1437). On the other end, June was the most stable month, with a tight range of 0.3011 JMD (High: 14.8176 / Low: 14.5165).
Growth Streaks & Declines
TrendsBetween April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.4158 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 14.9116) against the same month in 2023 (average: 15.4038), the exchange rate shifted by -0.4922 (-3.20%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.2116 | 14.7365 | 14.9116 |
| February | 14.9844 | 14.6086 | 14.8229 |
| March | 14.9534 | 14.1725 | 14.5626 |
| April | 14.5140 | 14.0296 | 14.2179 |
| May | 14.8739 | 14.1376 | 14.5519 |
| June | 14.8176 | 14.5165 | 14.6646 |
| July | 14.8082 | 14.1674 | 14.4858 |
| August | 14.9893 | 14.1437 | 14.6486 |
| September | 15.1870 | 14.4277 | 14.8060 |
| October | 14.9168 | 14.3773 | 14.6320 |
| November | 14.5525 | 14.1237 | 14.3449 |
| December | 14.2485 | 13.6473 | 13.9291 |