2023 CNY to JMD Historical Review

YEARLY HIGH

23.0163 JMD

YEARLY LOW

21.0337 JMD

YEARLY AVERAGE

21.7937 JMD

2023 CNY to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 23.0163. Conversely, the yearly low was recorded on September 9, dropping to 21.0337.

This high-to-low spread represents a total annual volatility of 1.9825 JMD. From a start-to-finish perspective, comparing the January average rate of 22.5114 to the December average rate of 21.8194, the exchange rate registered a net change of -3.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 23.0163 was down 7.32% compared to the 2022 peak of 24.8339, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 575,406 JMD

2022 Average 571,195 JMD

Yearly Trough Low 525,843 JMD

Transaction Impact: A difference of 49,563.28 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.6747

21.0559

JanuMarcMayJulySeptNove

CNY 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 22.1382, compared to 21.4492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6890 points.

H1 Avg (Jan–Jun) 22.1382

H2 Avg (Jul–Dec) 21.4492

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.9632 JMD (High: 22.8011 / Low: 21.8379). On the other end, September was the most stable month, with a tight range of 0.2702 JMD (High: 21.3039 / Low: 21.0337).

January Spread (Volatile) ±0.9632

September Spread (Stable) ±0.2702

Growth Streaks & Declines

Trends

Between September and December, 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 0.5014 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 22.5398) against the same month in 2022 (average: 24.6528), the exchange rate shifted by -2.1130 (-8.57%).

2023 Avg (February) 22.5398

2022 Avg (February) 24.6528

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.8011	21.8379	22.5114
February	23.0163	22.1568	22.5398
March	22.3959	21.7193	22.0383
April	22.2527	21.8626	22.0918
May	22.2815	21.7067	22.0526
June	21.9133	21.2598	21.5952
July	21.7733	21.1258	21.4645
August	21.6533	21.1528	21.3575
September	21.3039	21.0337	21.1908
October	21.6530	21.1118	21.3011
November	21.9499	21.1534	21.5619
December	22.0960	21.6624	21.8194