2023 GNF to JMD Historical Review

YEARLY HIGH

0.0182 JMD

YEARLY LOW

0.0173 JMD

YEARLY AVERAGE

0.0179 JMD

2023 GNF to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.0182. Conversely, the yearly low was recorded on January 5, dropping to 0.0173.

This high-to-low spread represents a total annual volatility of 0.0009 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0176 to the December average rate of 0.0181, the exchange rate registered a net change of 2.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0182 was up 1.67% compared to the 2022 peak of 0.0179, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 91 JMD

2022 Average 87 JMD

Yearly Trough Low 87 JMD

Transaction Impact: A difference of 4.37 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0181

0.0175

JanuMarcMayJulySeptNove

GNF 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 0.0178, compared to 0.0180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0178

H2 Avg (Jul–Dec) 0.0180

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0006 JMD (High: 0.0179 / Low: 0.0173). On the other end, September was the most stable month, with a tight range of 0.0002 JMD (High: 0.0181 / Low: 0.0178).

January Spread (Volatile) ±0.0006

September Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0003 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0181) against the same month in 2022 (average: 0.0176), the exchange rate shifted by +0.0004 (+2.45%).

2023 Avg (December) 0.0181

2022 Avg (December) 0.0176

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0179	0.0173	0.0176
February	0.0181	0.0175	0.0178
March	0.0178	0.0174	0.0176
April	0.0179	0.0174	0.0177
May	0.0180	0.0177	0.0179
June	0.0180	0.0177	0.0179
July	0.0180	0.0178	0.0179
August	0.0181	0.0178	0.0180
September	0.0181	0.0178	0.0180
October	0.0181	0.0179	0.0180
November	0.0182	0.0179	0.0181
December	0.0182	0.0180	0.0181