2023 IDR to JMD Historical Review

YEARLY HIGH

0.0105 JMD

YEARLY LOW

0.0097 JMD

YEARLY AVERAGE

0.0101 JMD

2023 IDR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 10, valuing the pair at 0.0105. Conversely, the yearly low was recorded on January 4, dropping to 0.0097.

This high-to-low spread represents a total annual volatility of 0.0008 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0100 to the December average rate of 0.0100, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0105 was down 4.60% compared to the 2022 peak of 0.0110, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 105,083 JMD

2022 Average 103,433 JMD

Yearly Trough Low 96,730 JMD

Transaction Impact: A difference of 8,353.87 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0104

0.0098

JanuMarcMayJulySeptNove

IDR 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 0.0102, compared to 0.0100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0102

H2 Avg (Jul–Dec) 0.0100

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0006 JMD (High: 0.0103 / Low: 0.0097). On the other end, August was the most stable month, with a tight range of 0.0002 JMD (High: 0.0102 / Low: 0.0101).

January Spread (Volatile) ±0.0006

August Spread (Stable) ±0.0002

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 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0104) against the same month in 2022 (average: 0.0106), the exchange rate shifted by -0.0002 (-2.13%).

2023 Avg (May) 0.0104

2022 Avg (May) 0.0106

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0103	0.0097	0.0100
February	0.0103	0.0101	0.0102
March	0.0101	0.0097	0.0099
April	0.0104	0.0100	0.0102
May	0.0105	0.0103	0.0104
June	0.0104	0.0102	0.0103
July	0.0103	0.0101	0.0102
August	0.0102	0.0101	0.0101
September	0.0101	0.0099	0.0101
October	0.0101	0.0097	0.0098
November	0.0101	0.0097	0.0100
December	0.0101	0.0099	0.0100