2023 EUR to JMD Historical Review

YEARLY HIGH

173.7732 JMD

YEARLY LOW

159.2500 JMD

YEARLY AVERAGE

166.7432 JMD

2023 EUR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 173.7732. Conversely, the yearly low was recorded on January 3, dropping to 159.2500.

This high-to-low spread represents a total annual volatility of 14.5233 JMD. From a start-to-finish perspective, comparing the January average rate of 164.9295 to the December average rate of 169.6584, the exchange rate registered a net change of 2.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 173.7732 was down 3.16% compared to the 2022 peak of 179.4428, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 868,866 JMD

2022 Average 808,684 JMD

Yearly Trough Low 796,250 JMD

Transaction Impact: A difference of 72,616.45 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

171.3653

161.9769

JanuMarcMayJulySeptNove

EUR 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 165.8594, compared to 167.6269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7676 points.

H1 Avg (Jan–Jun) 165.8594

H2 Avg (Jul–Dec) 167.6269

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 8.9260 JMD (High: 168.1760 / Low: 159.2500). On the other end, October was the most stable month, with a tight range of 2.8581 JMD (High: 165.0111 / Low: 162.1530).

January Spread (Volatile) ±8.9260

October Spread (Stable) ±2.8581

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 3.6620 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.6620

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 170.5829) against the same month in 2022 (average: 154.6167), the exchange rate shifted by +15.9663 (+10.33%).

2023 Avg (July) 170.5829

2022 Avg (July) 154.6167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	168.1760	159.2500	164.9295
February	168.7671	162.5286	165.0795
March	164.8173	159.7682	162.7593
April	170.3851	162.7614	167.1917
May	172.6200	165.0971	167.6652
June	169.3620	165.5592	167.5311
July	173.7732	166.9572	170.5829
August	170.5289	166.2973	168.6870
September	166.6643	162.5896	165.0250
October	165.0111	162.1530	163.7182
November	170.7609	164.0896	168.0902
December	172.1595	167.3946	169.6584