2024 SAR to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SAR to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SAR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 42.4871. Conversely, the yearly low was recorded on April 3, dropping to 40.7647.
This high-to-low spread represents a total annual volatility of 1.7224 JMD. From a start-to-finish perspective, comparing the January average rate of 41.3495 to the December average rate of 41.6382, the exchange rate registered a net change of 0.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 42.4871 was up 1.77% compared to the 2023 peak of 41.7499, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SAR 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 41.4635, compared to 41.8855 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4220 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 0.9771 JMD (High: 41.7418 / Low: 40.7647). On the other end, July was the most stable month, with a tight range of 0.3568 JMD (High: 41.8299 / Low: 41.4731).
Growth Streaks & Declines
TrendsBetween 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 0.5628 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 42.2010) against the same month in 2023 (average: 41.4222), the exchange rate shifted by +0.7788 (+1.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 41.5742 | 41.0392 | 41.3495 |
| February | 41.9812 | 41.4070 | 41.6998 |
| March | 41.5760 | 40.8424 | 41.2152 |
| April | 41.7418 | 40.7647 | 41.3463 |
| May | 41.8437 | 41.3925 | 41.6688 |
| June | 41.7217 | 41.2865 | 41.5012 |
| July | 41.8299 | 41.4731 | 41.6851 |
| August | 42.0163 | 41.4180 | 41.7561 |
| September | 42.0770 | 41.4088 | 41.8573 |
| October | 42.3027 | 41.9216 | 42.1751 |
| November | 42.4871 | 41.8582 | 42.2010 |
| December | 41.9239 | 41.4064 | 41.6382 |