YEARLY HIGH
1.6258 JMD
YEARLY LOW
0.5253 JMD
YEARLY AVERAGE
1.4626 JMD

2020 CVE to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CVE to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 1.6258. Conversely, the yearly low was recorded on March 18, dropping to 0.5253.

This high-to-low spread represents a total annual volatility of 1.1005 JMD. From a start-to-finish perspective, comparing the January average rate of 1.3502 to the December average rate of 1.5809, the exchange rate registered a net change of 17.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.6258 was up 14.80% compared to the 2019 peak of 1.4162, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,129 JMD
2019 Average 6,758 JMD
Yearly Trough Low 2,626 JMD
Transaction Impact: A difference of 5,502.38 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.6240
1.2949
JanuMarcMayJulySeptNove

CVE 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 1.3760, compared to 1.5493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1733 points.

H1 Avg (Jan–Jun) 1.3760
H2 Avg (Jul–Dec) 1.5493

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.8592 JMD (High: 1.3845 / Low: 0.5253). On the other end, December was the most stable month, with a tight range of 0.0365 JMD (High: 1.6039 / Low: 1.5674).

March Spread (Volatile) ±0.8592
December Spread (Stable) ±0.0365

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0636 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0636

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 1.5966) against the same month in 2019 (average: 1.3598), the exchange rate shifted by +0.2368 (+17.42%).

2020 Avg (August) 1.5966
2019 Avg (August) 1.3598

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.3929 1.3192 1.3502
February 1.3951 1.3554 1.3787
March 1.3845 0.5253 1.3223
April 1.3991 1.3096 1.3505
May 1.4554 1.3952 1.4235
June 1.4569 1.4149 1.4306
July 1.5681 1.4139 1.4787
August 1.6258 1.5652 1.5966
September 1.6000 1.4863 1.5329
October 1.5624 1.4970 1.5353
November 1.5896 1.5267 1.5712
December 1.6039 1.5674 1.5809