2023 DOP to JMD Historical Review

YEARLY HIGH

2.8392 JMD

YEARLY LOW

2.6639 JMD

YEARLY AVERAGE

2.7522 JMD

2023 DOP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 17, valuing the pair at 2.8392. Conversely, the yearly low was recorded on December 31, dropping to 2.6639.

This high-to-low spread represents a total annual volatility of 0.1753 JMD. From a start-to-finish perspective, comparing the January average rate of 2.7015 to the December average rate of 2.7093, the exchange rate registered a net change of 0.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8392 was down 2.08% compared to the 2022 peak of 2.8996, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,196 JMD

2022 Average 13,963 JMD

Yearly Trough Low 13,320 JMD

Transaction Impact: A difference of 876.67 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8384

2.6890

JanuMarcMayJulySeptNove

DOP 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 2.7724, compared to 2.7320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0404 points.

H1 Avg (Jan–Jun) 2.7724

H2 Avg (Jul–Dec) 2.7320

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0737 JMD (High: 2.8128 / Low: 2.7391). On the other end, September was the most stable month, with a tight range of 0.0216 JMD (High: 2.7318 / Low: 2.7102).

April Spread (Volatile) ±0.0737

September Spread (Stable) ±0.0216

Growth Streaks & Declines

Trends

Between January and May, 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 June and July, when the average rate fell by 0.0511 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0511

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.8260) against the same month in 2022 (average: 2.8043), the exchange rate shifted by +0.0216 (+0.77%).

2023 Avg (May) 2.8260

2022 Avg (May) 2.8043

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7219	2.6830	2.7015
February	2.7677	2.7030	2.7457
March	2.7896	2.7489	2.7644
April	2.8128	2.7391	2.7814
May	2.8392	2.8027	2.8260
June	2.8391	2.7861	2.8154
July	2.8005	2.7475	2.7643
August	2.7634	2.7147	2.7305
September	2.7318	2.7102	2.7229
October	2.7457	2.7154	2.7281
November	2.7534	2.7141	2.7371
December	2.7355	2.6639	2.7093