2023 BIF to JMD Historical Review

YEARLY HIGH

0.0748 JMD

YEARLY LOW

0.0540 JMD

YEARLY AVERAGE

0.0619 JMD

2023 BIF to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 0.0748. Conversely, the yearly low was recorded on June 24, dropping to 0.0540.

This high-to-low spread represents a total annual volatility of 0.0208 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0739 to the December average rate of 0.0545, the exchange rate registered a net change of -26.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0748 was down 5.38% compared to the 2022 peak of 0.0790, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BIF based on timing:

Yearly Peak High 374 JMD

2022 Average 376 JMD

Yearly Trough Low 270 JMD

Transaction Impact: A difference of 103.81 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0764

0.0525

JanuMarcMayJulySeptNove

BIF 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 0.0692, compared to 0.0546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0146 points.

H1 Avg (Jan–Jun) 0.0692

H2 Avg (Jul–Dec) 0.0546

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0197 JMD (High: 0.0743 / Low: 0.0546). On the other end, September was the most stable month, with a tight range of 0.0003 JMD (High: 0.0547 / Low: 0.0543).

May Spread (Volatile) ±0.0197

September Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between September and November, 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 May and June, when the average rate fell by 0.0112 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0744) against the same month in 2022 (average: 0.0779), the exchange rate shifted by -0.0035 (-4.48%).

2023 Avg (February) 0.0744

2022 Avg (February) 0.0779

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0746	0.0729	0.0739
February	0.0748	0.0739	0.0744
March	0.0743	0.0723	0.0732
April	0.0737	0.0723	0.0732
May	0.0743	0.0546	0.0658
June	0.0550	0.0540	0.0546
July	0.0547	0.0540	0.0545
August	0.0549	0.0542	0.0546
September	0.0547	0.0543	0.0545
October	0.0549	0.0544	0.0546
November	0.0550	0.0544	0.0547
December	0.0548	0.0542	0.0545