2024 ZAR to JOD Historical Review

YEARLY HIGH

0.0414 JOD

YEARLY LOW

0.0367 JOD

YEARLY AVERAGE

0.0387 JOD

2024 ZAR to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.0414. Conversely, the yearly low was recorded on February 25, dropping to 0.0367.

This high-to-low spread represents a total annual volatility of 0.0047 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0378 to the December average rate of 0.0389, the exchange rate registered a net change of 2.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0414 was down 2.21% compared to the 2023 peak of 0.0424, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 2,072 JOD

2023 Average 1,924 JOD

Yearly Trough Low 1,836 JOD

Transaction Impact: A difference of 236.16 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0406

0.0370

JanuMarcMayJulySeptNove

ZAR to JOD 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 0.0379, compared to 0.0395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0379

H2 Avg (Jul–Dec) 0.0395

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0025 JOD (High: 0.0401 / Low: 0.0375). On the other end, October was the most stable month, with a tight range of 0.0010 JOD (High: 0.0408 / Low: 0.0399).

December Spread (Volatile) ±0.0025

October Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0008 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0403) against the same month in 2023 (average: 0.0374), the exchange rate shifted by +0.0029 (+7.82%).

2024 Avg (September) 0.0403

2023 Avg (September) 0.0374

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0388	0.0369	0.0378
February	0.0382	0.0367	0.0373
March	0.0382	0.0371	0.0376
April	0.0384	0.0367	0.0375
May	0.0392	0.0377	0.0385
June	0.0395	0.0374	0.0385
July	0.0395	0.0381	0.0389
August	0.0400	0.0378	0.0392
September	0.0414	0.0395	0.0403
October	0.0408	0.0399	0.0403
November	0.0410	0.0388	0.0395
December	0.0401	0.0375	0.0389