2023 ETB to JMD Historical Review

YEARLY HIGH

2.8852 JMD

YEARLY LOW

2.7433 JMD

YEARLY AVERAGE

2.8149 JMD

2023 ETB to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.8852. Conversely, the yearly low was recorded on December 30, dropping to 2.7433.

This high-to-low spread represents a total annual volatility of 0.1419 JMD. From a start-to-finish perspective, comparing the January average rate of 2.8502 to the December average rate of 2.7657, the exchange rate registered a net change of -2.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8852 was down 8.12% compared to the 2022 peak of 3.1403, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,426 JMD

2022 Average 14,778 JMD

Yearly Trough Low 13,717 JMD

Transaction Impact: A difference of 709.46 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8825

2.7551

JanuMarcMayJulySeptNove

ETB 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 2.8369, compared to 2.7930 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0439 points.

H1 Avg (Jan–Jun) 2.8369

H2 Avg (Jul–Dec) 2.7930

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0685 JMD (High: 2.8634 / Low: 2.7948). On the other end, September was the most stable month, with a tight range of 0.0222 JMD (High: 2.8119 / Low: 2.7897).

March Spread (Volatile) ±0.0685

September Spread (Stable) ±0.0222

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0458 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0458

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.8719) against the same month in 2022 (average: 3.0964), the exchange rate shifted by -0.2245 (-7.25%).

2023 Avg (February) 2.8719

2022 Avg (February) 3.0964

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8753	2.8163	2.8502
February	2.8852	2.8556	2.8719
March	2.8634	2.7948	2.8261
April	2.8282	2.7647	2.8084
May	2.8530	2.8113	2.8342
June	2.8509	2.8102	2.8305
July	2.8346	2.8005	2.8134
August	2.8238	2.7983	2.8071
September	2.8119	2.7897	2.7986
October	2.8047	2.7696	2.7864
November	2.8068	2.7679	2.7865
December	2.8003	2.7433	2.7657