2023 FKP to JMD Historical Review

YEARLY HIGH

203.1099 JMD

YEARLY LOW

180.7088 JMD

YEARLY AVERAGE

191.6137 JMD

2023 FKP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 203.1099. Conversely, the yearly low was recorded on January 3, dropping to 180.7088.

This high-to-low spread represents a total annual volatility of 22.4011 JMD. From a start-to-finish perspective, comparing the January average rate of 187.1951 to the December average rate of 196.7271, the exchange rate registered a net change of 5.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 203.1099 was down 5.15% compared to the 2022 peak of 214.1303, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,015,550 JMD

2022 Average 949,263 JMD

Yearly Trough Low 903,544 JMD

Transaction Impact: A difference of 112,005.35 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

200.0933

182.9558

JanuMarcMayJulySeptNove

FKP 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 189.0885, compared to 194.1388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.0503 points.

H1 Avg (Jan–Jun) 189.0885

H2 Avg (Jul–Dec) 194.1388

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 10.4240 JMD (High: 191.1329 / Low: 180.7088). On the other end, December was the most stable month, with a tight range of 3.3402 JMD (High: 198.5881 / Low: 195.2478).

January Spread (Volatile) ±10.4240

December Spread (Stable) ±3.3402

Growth Streaks & Declines

Trends

Between March and July, 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 August and September, when the average rate fell by 4.9472 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -4.9472

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 198.6652) against the same month in 2022 (average: 182.1354), the exchange rate shifted by +16.5297 (+9.08%).

2023 Avg (July) 198.6652

2022 Avg (July) 182.1354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	191.1329	180.7088	187.1951
February	189.8371	184.1864	186.0839
March	187.2173	181.0619	184.3839
April	192.5416	185.0825	189.3555
May	195.0187	189.8251	192.2744
June	198.1650	192.1597	195.2384
July	203.1099	194.5012	198.6652
August	198.0577	193.9173	196.3791
September	194.9491	187.6827	191.4319
October	190.8217	186.9816	188.5838
November	197.5398	188.6177	193.0457
December	198.5881	195.2478	196.7271