2024 SEK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SEK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SEK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 15.6559. Conversely, the yearly low was recorded on December 25, dropping to 13.9627.
This high-to-low spread represents a total annual volatility of 1.6933 JMD. From a start-to-finish perspective, comparing the January average rate of 14.9890 to the December average rate of 14.2271, the exchange rate registered a net change of -5.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 15.6559 was up 0.43% compared to the 2023 peak of 15.5888, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SEK 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 14.7481, compared to 14.8427 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0946 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.8712 JMD (High: 15.4409 / Low: 14.5698). On the other end, June was the most stable month, with a tight range of 0.3806 JMD (High: 14.9836 / Low: 14.6030).
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 October and November, when the average rate fell by 0.5599 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 15.3660) against the same month in 2023 (average: 13.9328), the exchange rate shifted by +1.4332 (+10.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.3784 | 14.7985 | 14.9890 |
| February | 15.2197 | 14.7304 | 14.9861 |
| March | 15.2111 | 14.3785 | 14.8287 |
| April | 14.6802 | 14.1494 | 14.3315 |
| May | 14.7730 | 14.2838 | 14.5405 |
| June | 14.9836 | 14.6030 | 14.8128 |
| July | 15.0880 | 14.4412 | 14.7075 |
| August | 15.4409 | 14.5698 | 15.0773 |
| September | 15.6559 | 15.0775 | 15.3660 |
| October | 15.3668 | 14.8359 | 15.1191 |
| November | 14.9552 | 14.3305 | 14.5592 |
| December | 14.4664 | 13.9627 | 14.2271 |