2023 JMD to BIF Historical Review

YEARLY HIGH

18.5171 BIF

YEARLY LOW

13.3749 BIF

YEARLY AVERAGE

16.5105 BIF

2023 JMD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 24, valuing the pair at 18.5171. Conversely, the yearly low was recorded on February 24, dropping to 13.3749.

This high-to-low spread represents a total annual volatility of 5.1422 BIF. From a start-to-finish perspective, comparing the January average rate of 13.5337 to the December average rate of 18.3544, the exchange rate registered a net change of 35.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.5171 was up 34.58% compared to the 2022 peak of 13.7596, 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 92,585 BIF

2022 Average 66,564 BIF

Yearly Trough Low 66,875 BIF

Transaction Impact: A difference of 25,710.79 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.8457

12.9498

JanuMarcMayJulySeptNove

JMD to BIF 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 14.6915, compared to 18.3294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.6378 points.

H1 Avg (Jan–Jun) 14.6915

H2 Avg (Jul–Dec) 18.3294

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 4.8676 BIF (High: 18.3317 / Low: 13.4641). On the other end, September was the most stable month, with a tight range of 0.1154 BIF (High: 18.4065 / Low: 18.2911).

May Spread (Volatile) ±4.8676

September Spread (Stable) ±0.1154

Growth Streaks & Declines

Trends

Between April and July, 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 January and February, when the average rate fell by 0.0926 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0926

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 18.3137) against the same month in 2022 (average: 13.4292), the exchange rate shifted by +4.8845 (+36.37%).

2023 Avg (June) 18.3137

2022 Avg (June) 13.4292

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.7257	13.4009	13.5337
February	13.5331	13.3749	13.4411
March	13.8407	13.4518	13.6688
April	13.8407	13.5683	13.6675
May	18.3317	13.4641	15.5244
June	18.5171	18.1963	18.3137
July	18.5140	18.2659	18.3433
August	18.4638	18.2119	18.3299
September	18.4065	18.2911	18.3508
October	18.3947	18.2164	18.3174
November	18.3851	18.1661	18.2804
December	18.4377	18.2485	18.3544