2023 JMD to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JMD to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JMD to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 32.7036. Conversely, the yearly low was recorded on December 27, dropping to 24.7733.
This high-to-low spread represents a total annual volatility of 7.9304 COP. From a start-to-finish perspective, comparing the January average rate of 30.8369 to the December average rate of 25.4766, the exchange rate registered a net change of -17.38% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 32.7036 was down 1.10% compared to the 2022 peak of 33.0660, 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 COP 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 29.9532, compared to 26.2172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.7360 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 3.5824 COP (High: 32.7036 / Low: 29.1212). On the other end, November was the most stable month, with a tight range of 1.0449 COP (High: 26.4854 / Low: 25.4406).
Growth Streaks & Declines
TrendsBetween January and March, 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 May and June, when the average rate fell by 2.2695 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 30.8369) against the same month in 2022 (average: 25.8189), the exchange rate shifted by +5.0180 (+19.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.7036 | 29.1212 | 30.8369 |
| February | 32.2451 | 29.7977 | 31.0922 |
| March | 32.1502 | 30.4884 | 31.3223 |
| April | 31.0323 | 28.8079 | 29.8060 |
| May | 30.6460 | 28.4376 | 29.4655 |
| June | 28.6532 | 26.4035 | 27.1960 |
| July | 27.3447 | 25.4024 | 26.3549 |
| August | 27.0093 | 25.3336 | 26.3400 |
| September | 26.6191 | 25.2627 | 25.9449 |
| October | 28.1009 | 26.2652 | 27.2398 |
| November | 26.4854 | 25.4406 | 25.9469 |
| December | 25.9970 | 24.7733 | 25.4766 |