2023 BWP to JMD Historical Review

YEARLY HIGH

12.1286 JMD

YEARLY LOW

11.1714 JMD

YEARLY AVERAGE

11.5409 JMD

2023 BWP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 12.1286. Conversely, the yearly low was recorded on October 9, dropping to 11.1714.

This high-to-low spread represents a total annual volatility of 0.9572 JMD. From a start-to-finish perspective, comparing the January average rate of 11.9680 to the December average rate of 11.5004, the exchange rate registered a net change of -3.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.1286 was down 11.37% compared to the 2022 peak of 13.6847, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,643 JMD

2022 Average 62,199 JMD

Yearly Trough Low 55,857 JMD

Transaction Impact: A difference of 4,786.10 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.0367

11.2126

JanuMarcMayJulySeptNove

BWP 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 11.6298, compared to 11.4520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1778 points.

H1 Avg (Jan–Jun) 11.6298

H2 Avg (Jul–Dec) 11.4520

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.5935 JMD (High: 12.1286 / Low: 11.5351). On the other end, April was the most stable month, with a tight range of 0.1743 JMD (High: 11.6580 / Low: 11.4837).

February Spread (Volatile) ±0.5935

April Spread (Stable) ±0.1743

Growth Streaks & Declines

Trends

Between May and July, 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 0.2989 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2989

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 11.7905) against the same month in 2022 (average: 13.5520), the exchange rate shifted by -1.7615 (-13.00%).

2023 Avg (February) 11.7905

2022 Avg (February) 13.5520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.0875	11.7330	11.9680
February	12.1286	11.5351	11.7905
March	11.6419	11.3419	11.4916
April	11.6580	11.4837	11.5922
May	11.6658	11.1724	11.4426
June	11.6950	11.2078	11.4941
July	11.8895	11.3642	11.6536
August	11.6948	11.3281	11.4589
September	11.4241	11.2240	11.3244
October	11.3870	11.1714	11.2813
November	11.6414	11.3597	11.4934
December	11.6784	11.3565	11.5004