2023 JMD to AFN Historical Review

YEARLY HIGH

0.6001 AFN

YEARLY LOW

0.4432 AFN

YEARLY AVERAGE

0.5373 AFN

2023 JMD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.6001. Conversely, the yearly low was recorded on November 18, dropping to 0.4432.

This high-to-low spread represents a total annual volatility of 0.1570 AFN. From a start-to-finish perspective, comparing the January average rate of 0.5812 to the December average rate of 0.4504, the exchange rate registered a net change of -22.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6001 was down 12.27% compared to the 2022 peak of 0.6841, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,001 AFN

2022 Average 2,933 AFN

Yearly Trough Low 2,216 AFN

Transaction Impact: A difference of 784.80 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5943

0.4373

JanuMarcMayJulySeptNove

JMD to AFN 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 0.5729, compared to 0.5017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0713 points.

H1 Avg (Jan–Jun) 0.5729

H2 Avg (Jul–Dec) 0.5017

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0535 AFN (High: 0.5280 / Low: 0.4745). On the other end, December was the most stable month, with a tight range of 0.0124 AFN (High: 0.4572 / Low: 0.4448).

September Spread (Volatile) ±0.0535

December Spread (Stable) ±0.0124

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0416 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0416

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.5695) against the same month in 2022 (average: 0.5660), the exchange rate shifted by +0.0034 (+0.61%).

2023 Avg (April) 0.5695

2022 Avg (April) 0.5660

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5908	0.5752	0.5812
February	0.5887	0.5704	0.5812
March	0.5837	0.5670	0.5767
April	0.6001	0.5583	0.5695
May	0.5753	0.5622	0.5677
June	0.5674	0.5525	0.5613
July	0.5711	0.5532	0.5616
August	0.5605	0.5249	0.5460
September	0.5280	0.4745	0.5045
October	0.5063	0.4749	0.4875
November	0.4808	0.4432	0.4601
December	0.4572	0.4448	0.4504