2023 ILS to JMD Historical Review

YEARLY HIGH

45.8318 JMD

YEARLY LOW

38.0295 JMD

YEARLY AVERAGE

41.8619 JMD

2023 ILS to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 45.8318. Conversely, the yearly low was recorded on October 26, dropping to 38.0295.

This high-to-low spread represents a total annual volatility of 7.8023 JMD. From a start-to-finish perspective, comparing the January average rate of 44.4008 to the December average rate of 42.3944, the exchange rate registered a net change of -4.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 45.8318 was down 8.31% compared to the 2022 peak of 49.9843, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ILS based on timing:

Yearly Peak High 229,159 JMD

2022 Average 228,780 JMD

Yearly Trough Low 190,147 JMD

Transaction Impact: A difference of 39,011.32 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

44.9447

38.4172

JanuMarcMayJulySeptNove

ILS 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 42.7080, compared to 41.0159 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6922 points.

H1 Avg (Jan–Jun) 42.7080

H2 Avg (Jul–Dec) 41.0159

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 3.6252 JMD (High: 42.2391 / Low: 38.6139). On the other end, September was the most stable month, with a tight range of 0.6835 JMD (High: 40.8062 / Low: 40.1227).

November Spread (Volatile) ±3.6252

September Spread (Stable) ±0.6835

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 1.5315 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.5315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 44.4008) against the same month in 2022 (average: 49.4124), the exchange rate shifted by -5.0117 (-10.14%).

2023 Avg (January) 44.4008

2022 Avg (January) 49.4124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.8318	42.7430	44.4008
February	45.5134	41.9706	43.5436
March	42.9258	40.9257	42.0184
April	42.4628	41.3130	41.8573
May	42.4319	41.3268	41.9882
June	43.4754	41.2628	42.4399
July	43.0532	41.2988	42.0822
August	42.5022	40.5576	41.2965
September	40.8062	40.1227	40.4926
October	40.7702	38.0295	38.9611
November	42.2391	38.6139	40.8683
December	43.0423	41.5885	42.3944