2024 PKR to JMD Historical Review

YEARLY HIGH

0.5739 JMD

YEARLY LOW

0.5467 JMD

YEARLY AVERAGE

0.5616 JMD

2024 PKR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PKR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.5739. Conversely, the yearly low was recorded on January 6, dropping to 0.5467.

This high-to-low spread represents a total annual volatility of 0.0272 JMD. From a start-to-finish perspective, comparing the January average rate of 0.5540 to the December average rate of 0.5625, the exchange rate registered a net change of 1.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5739 was down 14.52% compared to the 2023 peak of 0.6714, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 286,950 JMD

2023 Average 276,677 JMD

Yearly Trough Low 273,355 JMD

Transaction Impact: A difference of 13,595.02 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5719

0.5524

JanuMarcMayJulySeptNove

PKR 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 0.5579, compared to 0.5653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.5579

H2 Avg (Jul–Dec) 0.5653

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0137 JMD (High: 0.5604 / Low: 0.5467). On the other end, July was the most stable month, with a tight range of 0.0046 JMD (High: 0.5635 / Low: 0.5588).

January Spread (Volatile) ±0.0137

July Spread (Stable) ±0.0046

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 0.0078 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.5703) against the same month in 2023 (average: 0.5468), the exchange rate shifted by +0.0235 (+4.29%).

2024 Avg (November) 0.5703

2023 Avg (November) 0.5468

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5604	0.5467	0.5540
February	0.5659	0.5554	0.5605
March	0.5602	0.5511	0.5548
April	0.5613	0.5504	0.5577
May	0.5641	0.5586	0.5617
June	0.5612	0.5557	0.5590
July	0.5635	0.5588	0.5618
August	0.5658	0.5605	0.5628
September	0.5681	0.5587	0.5644
October	0.5723	0.5667	0.5700
November	0.5739	0.5666	0.5703
December	0.5667	0.5590	0.5625