2023 BRL to JMD Historical Review

YEARLY HIGH

32.7341 JMD

YEARLY LOW

27.5593 JMD

YEARLY AVERAGE

30.8749 JMD

2023 BRL to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 32.7341. Conversely, the yearly low was recorded on January 3, dropping to 27.5593.

This high-to-low spread represents a total annual volatility of 5.1748 JMD. From a start-to-finish perspective, comparing the January average rate of 29.4806 to the December average rate of 31.7183, the exchange rate registered a net change of 7.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.7341 was down 2.81% compared to the 2022 peak of 33.6800, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 818,353 JMD

2022 Average 744,364 JMD

Yearly Trough Low 688,982 JMD

Transaction Impact: A difference of 129,370.17 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.4481

28.8537

JanuMarcMayJulySeptNove

BRL 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 30.2613, compared to 31.4884 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2270 points.

H1 Avg (Jan–Jun) 30.2613

H2 Avg (Jul–Dec) 31.4884

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.8291 JMD (High: 30.3884 / Low: 27.5593). On the other end, November was the most stable month, with a tight range of 0.8272 JMD (High: 32.0600 / Low: 31.2327).

January Spread (Volatile) ±2.8291

November Spread (Stable) ±0.8272

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.6433 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6433

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 32.1486) against the same month in 2022 (average: 28.3147), the exchange rate shifted by +3.8339 (+13.54%).

2023 Avg (July) 32.1486

2022 Avg (July) 28.3147

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.3884	27.5593	29.4806
February	30.4423	29.1482	29.7820
March	29.7783	28.3337	29.1532
April	31.0519	29.7160	30.3408
May	31.6410	30.3323	30.9686
June	32.3511	30.8163	31.8428
July	32.7341	31.3904	32.1486
August	32.3600	30.9864	31.5053
September	31.8483	30.6856	31.2495
October	31.0997	29.9704	30.6111
November	32.0600	31.2327	31.6974
December	32.2475	31.3090	31.7183