2023 JMD to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JMD to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JMD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 17.9992. Conversely, the yearly low was recorded on May 15, dropping to 13.2184.
This high-to-low spread represents a total annual volatility of 4.7808 CDF. From a start-to-finish perspective, comparing the January average rate of 13.4015 to the December average rate of 17.5291, the exchange rate registered a net change of 30.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 17.9992 was up 31.41% compared to the 2022 peak of 13.6966, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JMD to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 13.9244, compared to 16.3744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4500 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 1.9311 CDF (High: 15.1495 / Low: 13.2184). On the other end, February was the most stable month, with a tight range of 0.2571 CDF (High: 13.4936 / Low: 13.2365).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0297 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 17.5291) against the same month in 2022 (average: 13.3472), the exchange rate shifted by +4.1819 (+31.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 13.6155 | 13.2625 | 13.4015 |
| February | 13.4936 | 13.2365 | 13.3718 |
| March | 13.8234 | 13.3381 | 13.6147 |
| April | 14.3552 | 13.3886 | 13.6796 |
| May | 15.1495 | 13.2184 | 14.2012 |
| June | 15.6278 | 15.0049 | 15.2778 |
| July | 16.5050 | 15.6278 | 16.0064 |
| August | 16.1237 | 15.7736 | 16.0153 |
| September | 16.1984 | 15.8943 | 16.0719 |
| October | 16.7762 | 15.9262 | 16.2522 |
| November | 17.5077 | 15.9018 | 16.3717 |
| December | 17.9992 | 17.1116 | 17.5291 |