YEARLY HIGH
1.9037 CVE
YEARLY LOW
0.6151 CVE
YEARLY AVERAGE
0.6887 CVE

2020 JMD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the JMD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.9037. Conversely, the yearly low was recorded on August 24, dropping to 0.6151.

This high-to-low spread represents a total annual volatility of 1.2886 CVE. From a start-to-finish perspective, comparing the January average rate of 0.7409 to the December average rate of 0.6326, the exchange rate registered a net change of -14.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.9037 was up 141.83% compared to the 2019 peak of 0.7872, 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 9,519 CVE
2019 Average 3,702 CVE
Yearly Trough Low 3,075 CVE
Transaction Impact: A difference of 6,443.12 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.7944
0.6112
JanuMarcMayJulySeptNove

JMD to CVE 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 0.7313, compared to 0.6461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0852 points.

H1 Avg (Jan–Jun) 0.7313
H2 Avg (Jul–Dec) 0.6461

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.1815 CVE (High: 1.9037 / Low: 0.7223). On the other end, December was the most stable month, with a tight range of 0.0145 CVE (High: 0.6380 / Low: 0.6235).

March Spread (Volatile) ±1.1815
December Spread (Stable) ±0.0145

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0505 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0505

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.7791) against the same month in 2019 (average: 0.7754), the exchange rate shifted by +0.0037 (+0.48%).

2020 Avg (March) 0.7791
2019 Avg (March) 0.7754

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.7580 0.7179 0.7409
February 0.7378 0.7168 0.7254
March 1.9037 0.7223 0.7791
April 0.7636 0.7148 0.7407
May 0.7167 0.6871 0.7026
June 0.7068 0.6864 0.6990
July 0.7072 0.6377 0.6770
August 0.6389 0.6151 0.6264
September 0.6728 0.6250 0.6527
October 0.6680 0.6400 0.6514
November 0.6550 0.6291 0.6365
December 0.6380 0.6235 0.6326