2023 COP to JMD Historical Review

YEARLY HIGH

0.0404 JMD

YEARLY LOW

0.0306 JMD

YEARLY AVERAGE

0.0358 JMD

2023 COP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the COP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.0404. Conversely, the yearly low was recorded on January 5, dropping to 0.0306.

This high-to-low spread represents a total annual volatility of 0.0098 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0325 to the December average rate of 0.0393, the exchange rate registered a net change of 20.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0404 was down 2.92% compared to the 2022 peak of 0.0416, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 201,830 JMD

2022 Average 181,706 JMD

Yearly Trough Low 152,888 JMD

Transaction Impact: A difference of 48,942.23 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0400

0.0312

JanuMarcMayJulySeptNove

COP 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 0.0335, compared to 0.0382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.0335

H2 Avg (Jul–Dec) 0.0382

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0038 JMD (High: 0.0343 / Low: 0.0306). On the other end, November was the most stable month, with a tight range of 0.0016 JMD (High: 0.0393 / Low: 0.0378).

January Spread (Volatile) ±0.0038

November Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0018 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0393) against the same month in 2022 (average: 0.0320), the exchange rate shifted by +0.0073 (+22.67%).

2023 Avg (December) 0.0393

2022 Avg (December) 0.0320

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0343	0.0306	0.0325
February	0.0336	0.0310	0.0322
March	0.0328	0.0311	0.0319
April	0.0347	0.0322	0.0336
May	0.0352	0.0326	0.0339
June	0.0379	0.0349	0.0368
July	0.0394	0.0366	0.0380
August	0.0395	0.0370	0.0380
September	0.0396	0.0376	0.0386
October	0.0381	0.0356	0.0367
November	0.0393	0.0378	0.0385
December	0.0404	0.0385	0.0393