2023 HKD to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HKD to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HKD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 20.0499. Conversely, the yearly low was recorded on March 18, dropping to 19.0553.
This high-to-low spread represents a total annual volatility of 0.9946 JMD. From a start-to-finish perspective, comparing the January average rate of 19.5487 to the December average rate of 19.8883, the exchange rate registered a net change of 1.74% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 20.0499 was down 0.89% compared to the 2022 peak of 20.2308, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 HKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HKD to JMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 19.5549, compared to 19.8019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2471 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.5667 JMD (High: 19.6219 / Low: 19.0553). On the other end, September was the most stable month, with a tight range of 0.1651 JMD (High: 19.8348 / Low: 19.6696).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3031 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 19.8883) against the same month in 2022 (average: 19.6754), the exchange rate shifted by +0.2129 (+1.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.6853 | 19.3260 | 19.5487 |
| February | 19.8733 | 19.5487 | 19.6566 |
| March | 19.6219 | 19.0553 | 19.3535 |
| April | 19.5649 | 19.1793 | 19.3822 |
| May | 19.8216 | 19.4685 | 19.6635 |
| June | 19.8086 | 19.5874 | 19.7247 |
| July | 19.8389 | 19.5488 | 19.7320 |
| August | 19.9577 | 19.6390 | 19.7553 |
| September | 19.8348 | 19.6696 | 19.7365 |
| October | 19.9000 | 19.7347 | 19.8015 |
| November | 20.0395 | 19.6476 | 19.8981 |
| December | 20.0499 | 19.7822 | 19.8883 |