2024 PEN to JMD Historical Review

YEARLY HIGH

42.4992 JMD

YEARLY LOW

40.3966 JMD

YEARLY AVERAGE

41.6685 JMD

2024 PEN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 14, valuing the pair at 42.4992. Conversely, the yearly low was recorded on February 6, dropping to 40.3966.

This high-to-low spread represents a total annual volatility of 2.1026 JMD. From a start-to-finish perspective, comparing the January average rate of 41.5616 to the December average rate of 41.9168, the exchange rate registered a net change of 0.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 42.4992 was down 2.16% compared to the 2023 peak of 43.4397, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 212,496 JMD

2023 Average 206,072 JMD

Yearly Trough Low 201,983 JMD

Transaction Impact: A difference of 10,513.04 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

42.3633

40.7089

JanuMarcMayJulySeptNove

PEN 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 41.4653, compared to 41.8718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4065 points.

H1 Avg (Jan–Jun) 41.4653

H2 Avg (Jul–Dec) 41.8718

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 1.5479 JMD (High: 42.1064 / Low: 40.5586). On the other end, August was the most stable month, with a tight range of 0.4299 JMD (High: 42.1654 / Low: 41.7355).

July Spread (Volatile) ±1.5479

August Spread (Stable) ±0.4299

Growth Streaks & Declines

Trends

Between February and May, 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 0.7336 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7336

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 42.2254) against the same month in 2023 (average: 40.3655), the exchange rate shifted by +1.8599 (+4.61%).

2024 Avg (October) 42.2254

2023 Avg (October) 40.3655

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	42.0322	40.7236	41.5616
February	41.3442	40.3966	40.8468
March	42.1839	41.1618	41.6097
April	42.2200	41.1893	41.7381
May	42.4374	41.4471	41.8846
June	41.6834	40.6895	41.1509
July	42.1064	40.5586	41.5480
August	42.1654	41.7355	41.9508
September	42.3140	41.0628	41.6695
October	42.4992	41.9719	42.2254
November	42.3022	41.6054	41.9200
December	42.2461	41.5305	41.9168