YEARLY HIGH
37.6514 JMD
YEARLY LOW
35.0072 JMD
YEARLY AVERAGE
36.3508 JMD

2021 MYR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MYR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 37.6514. Conversely, the yearly low was recorded on October 3, dropping to 35.0072.

This high-to-low spread represents a total annual volatility of 2.6441 JMD. From a start-to-finish perspective, comparing the January average rate of 35.6985 to the December average rate of 36.6539, the exchange rate registered a net change of 2.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 37.6514 was up 4.01% compared to the 2020 peak of 36.1995, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 753,027 JMD
2020 Average 676,256 JMD
Yearly Trough Low 700,145 JMD
Transaction Impact: A difference of 52,882.40 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

37.3373
35.5495
JanuMarcMayJulySeptNove

MYR 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 36.2593, compared to 36.4424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1831 points.

H1 Avg (Jan–Jun) 36.2593
H2 Avg (Jul–Dec) 36.4424

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 2.3744 JMD (High: 37.5296 / Low: 35.1553). On the other end, December was the most stable month, with a tight range of 0.4867 JMD (High: 36.8950 / Low: 36.4083).

April Spread (Volatile) ±2.3744
December Spread (Stable) ±0.4867

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 February and March, when the average rate fell by 1.1410 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.1410

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 36.5294) against the same month in 2020 (average: 33.2553), the exchange rate shifted by +3.2741 (+9.85%).

2021 Avg (May) 36.5294
2020 Avg (May) 33.2553

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 36.2154 35.2056 35.6985
February 37.4680 36.2769 37.0076
March 37.1688 35.0226 35.8667
April 37.5296 35.1553 36.2674
May 37.6514 35.9433 36.5294
June 36.5428 35.9344 36.1862
July 36.7289 35.7150 36.3720
August 36.7332 36.2205 36.4709
September 36.4475 35.1698 35.8631
October 37.2134 35.0072 36.1060
November 37.4649 36.7279 37.1884
December 36.8950 36.4083 36.6539