2023 BOB to JMD Historical Review

YEARLY HIGH

22.6490 JMD

YEARLY LOW

21.7625 JMD

YEARLY AVERAGE

22.3033 JMD

2023 BOB to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 22.6490. Conversely, the yearly low was recorded on March 22, dropping to 21.7625.

This high-to-low spread represents a total annual volatility of 0.8866 JMD. From a start-to-finish perspective, comparing the January average rate of 22.1237 to the December average rate of 22.4519, the exchange rate registered a net change of 1.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.6490 was down 0.95% compared to the 2022 peak of 22.8670, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 113,245 JMD

2022 Average 111,297 JMD

Yearly Trough Low 108,812 JMD

Transaction Impact: A difference of 4,432.93 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.5557

21.9644

JanuMarcMayJulySeptNove

BOB 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 22.1917, compared to 22.4149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2233 points.

H1 Avg (Jan–Jun) 22.1917

H2 Avg (Jul–Dec) 22.4149

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.5235 JMD (High: 22.2860 / Low: 21.7625). On the other end, September was the most stable month, with a tight range of 0.1232 JMD (High: 22.4313 / Low: 22.3081).

March Spread (Volatile) ±0.5235

September Spread (Stable) ±0.1232

Growth Streaks & Declines

Trends

Between 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 0.3056 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 22.5064) against the same month in 2022 (average: 22.2559), the exchange rate shifted by +0.2505 (+1.13%).

2023 Avg (November) 22.5064

2022 Avg (November) 22.2559

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.3105	21.8530	22.1237
February	22.3591	22.1794	22.3193
March	22.2860	21.7625	22.0137
April	22.2121	21.7686	22.0216
May	22.4310	22.1060	22.3106
June	22.4646	22.1948	22.3611
July	22.3994	22.2239	22.3444
August	22.5018	22.2018	22.3762
September	22.4313	22.3081	22.3698
October	22.5443	22.3584	22.4407
November	22.6490	22.3579	22.5064
December	22.5364	22.3570	22.4519