2023 BND to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BND to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BND to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 117.8833. Conversely, the yearly low was recorded on January 3, dropping to 112.1970.
This high-to-low spread represents a total annual volatility of 5.6863 JMD. From a start-to-finish perspective, comparing the January average rate of 115.2209 to the December average rate of 116.5805, the exchange rate registered a net change of 1.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 117.8833 was up 0.60% compared to the 2022 peak of 117.1826, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BND based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BND 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 114.7831, compared to 114.7538 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0292 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 5.0685 JMD (High: 117.2654 / Low: 112.1970). On the other end, October was the most stable month, with a tight range of 1.3868 JMD (High: 113.9905 / Low: 112.6037).
Growth Streaks & Declines
TrendsBetween March and May, 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 February and March, when the average rate fell by 2.4378 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 115.8172) against the same month in 2022 (average: 116.1330), the exchange rate shifted by -0.3158 (-0.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 117.2654 | 112.1970 | 115.2209 |
| February | 117.8833 | 113.9548 | 115.8172 |
| March | 114.2860 | 112.7447 | 113.3794 |
| April | 114.9366 | 113.0413 | 114.3765 |
| May | 116.3087 | 113.8573 | 115.1021 |
| June | 115.5034 | 113.5596 | 114.8022 |
| July | 117.1088 | 113.5596 | 115.5972 |
| August | 116.2769 | 113.7048 | 114.4880 |
| September | 114.2643 | 112.7869 | 113.4376 |
| October | 113.9905 | 112.6037 | 113.2110 |
| November | 116.8407 | 113.0980 | 115.2088 |
| December | 117.6172 | 115.5889 | 116.5805 |