2023 HUF to JMD Historical Review

YEARLY HIGH

0.4647 JMD

YEARLY LOW

0.3979 JMD

YEARLY AVERAGE

0.4369 JMD

2023 HUF to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.4647. Conversely, the yearly low was recorded on January 3, dropping to 0.3979.

This high-to-low spread represents a total annual volatility of 0.0668 JMD. From a start-to-finish perspective, comparing the January average rate of 0.4178 to the December average rate of 0.4443, the exchange rate registered a net change of 6.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4647 was down 8.34% compared to the 2022 peak of 0.5070, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 464,681 JMD

2022 Average 415,606 JMD

Yearly Trough Low 397,891 JMD

Transaction Impact: A difference of 66,789.96 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4554

0.4144

JanuMarcMayJulySeptNove

HUF 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 0.4359, compared to 0.4378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.4359

H2 Avg (Jul–Dec) 0.4378

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0366 JMD (High: 0.4345 / Low: 0.3979). On the other end, June was the most stable month, with a tight range of 0.0102 JMD (High: 0.4580 / Low: 0.4477).

January Spread (Volatile) ±0.0366

June Spread (Stable) ±0.0102

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0117 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4498) against the same month in 2022 (average: 0.3840), the exchange rate shifted by +0.0658 (+17.13%).

2023 Avg (July) 0.4498

2022 Avg (July) 0.3840

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4345	0.3979	0.4178
February	0.4381	0.4185	0.4292
March	0.4376	0.4011	0.4225
April	0.4535	0.4274	0.4442
May	0.4588	0.4421	0.4497
June	0.4580	0.4477	0.4520
July	0.4647	0.4361	0.4498
August	0.4455	0.4307	0.4381
September	0.4359	0.4141	0.4268
October	0.4322	0.4160	0.4246
November	0.4525	0.4279	0.4434
December	0.4503	0.4374	0.4443