2023 AWG to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 AWG to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the AWG to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 88.0490. Conversely, the yearly low was recorded on March 19, dropping to 83.1027.
This high-to-low spread represents a total annual volatility of 4.9462 JMD. From a start-to-finish perspective, comparing the January average rate of 84.8774 to the December average rate of 86.2337, the exchange rate registered a net change of 1.60% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 88.0490 was up 0.44% compared to the 2022 peak of 87.6599, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AWG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
AWG 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 85.1087, compared to 85.9998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8911 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.6429 JMD (High: 88.0490 / Low: 85.4060). On the other end, September was the most stable month, with a tight range of 0.6663 JMD (High: 86.1747 / Low: 85.5084).
Growth Streaks & Declines
TrendsBetween March and June, 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 February and March, when the average rate fell by 1.2995 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 86.4488) against the same month in 2022 (average: 85.3028), the exchange rate shifted by +1.1460 (+1.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 85.6514 | 83.7787 | 84.8774 |
| February | 86.5113 | 85.1372 | 85.6489 |
| March | 85.5683 | 83.1027 | 84.3494 |
| April | 85.2035 | 83.6110 | 84.4603 |
| May | 86.1565 | 84.8453 | 85.5516 |
| June | 86.1310 | 85.2067 | 85.7643 |
| July | 85.9361 | 84.9991 | 85.6101 |
| August | 86.5073 | 85.1410 | 85.8403 |
| September | 86.1747 | 85.5084 | 85.8276 |
| October | 86.5483 | 85.6391 | 86.0382 |
| November | 88.0490 | 85.4060 | 86.4488 |
| December | 86.9171 | 85.7652 | 86.2337 |