2023 JMD to BWP Historical Review

YEARLY HIGH

0.0895 BWP

YEARLY LOW

0.0824 BWP

YEARLY AVERAGE

0.0867 BWP

2023 JMD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 9, valuing the pair at 0.0895. Conversely, the yearly low was recorded on February 3, dropping to 0.0824.

This high-to-low spread represents a total annual volatility of 0.0071 BWP. From a start-to-finish perspective, comparing the January average rate of 0.0836 to the December average rate of 0.0870, the exchange rate registered a net change of 4.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0895 was up 1.26% compared to the 2022 peak of 0.0884, 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 448 BWP

2022 Average 403 BWP

Yearly Trough Low 412 BWP

Transaction Impact: A difference of 35.32 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0892

0.0831

JanuMarcMayJulySeptNove

JMD to BWP 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 0.0860, compared to 0.0873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0860

H2 Avg (Jul–Dec) 0.0873

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0042 BWP (High: 0.0867 / Low: 0.0824). On the other end, April was the most stable month, with a tight range of 0.0013 BWP (High: 0.0871 / Low: 0.0858).

February Spread (Volatile) ±0.0042

April Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0886) against the same month in 2022 (average: 0.0876), the exchange rate shifted by +0.0011 (+1.24%).

2023 Avg (October) 0.0886

2022 Avg (October) 0.0876

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0852	0.0827	0.0836
February	0.0867	0.0824	0.0848
March	0.0882	0.0859	0.0870
April	0.0871	0.0858	0.0863
May	0.0895	0.0857	0.0874
June	0.0892	0.0855	0.0870
July	0.0880	0.0841	0.0858
August	0.0883	0.0855	0.0873
September	0.0891	0.0875	0.0883
October	0.0895	0.0878	0.0886
November	0.0880	0.0859	0.0870
December	0.0881	0.0856	0.0870