2020 HNL to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 HNL to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the HNL to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 6.1071. Conversely, the yearly low was recorded on January 14, dropping to 5.2178.
This high-to-low spread represents a total annual volatility of 0.8893 JMD. From a start-to-finish perspective, comparing the January average rate of 5.4295 to the December average rate of 5.9288, the exchange rate registered a net change of 9.20% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 6.1071 was down 35.40% compared to the 2019 peak of 9.4532, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
HNL 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 5.5742, compared to 5.9055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3313 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was January, with a trading range of 0.4038 JMD (High: 5.6217 / Low: 5.2178). On the other end, March was the most stable month, with a tight range of 0.1003 JMD (High: 5.5030 / Low: 5.4028).
Growth Streaks & Declines
TrendsBetween 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 0.2070 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 6.0288) against the same month in 2019 (average: 5.4943), the exchange rate shifted by +0.5345 (+9.73%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.6217 | 5.2178 | 5.4295 |
| February | 5.7236 | 5.5030 | 5.6348 |
| March | 5.5030 | 5.4028 | 5.4350 |
| April | 5.6805 | 5.3782 | 5.5217 |
| May | 5.8940 | 5.6248 | 5.7788 |
| June | 5.7338 | 5.5914 | 5.6456 |
| July | 5.9139 | 5.5809 | 5.7535 |
| August | 6.1071 | 5.8984 | 6.0288 |
| September | 6.0145 | 5.7384 | 5.8218 |
| October | 5.9560 | 5.7395 | 5.8780 |
| November | 6.0962 | 5.9088 | 6.0222 |
| December | 6.0259 | 5.8675 | 5.9288 |