2023 JMD to GHS Historical Review

YEARLY HIGH

0.0837 GHS

YEARLY LOW

0.0550 GHS

YEARLY AVERAGE

0.0759 GHS

2023 JMD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 27, valuing the pair at 0.0837. Conversely, the yearly low was recorded on January 1, dropping to 0.0550.

This high-to-low spread represents a total annual volatility of 0.0287 GHS. From a start-to-finish perspective, comparing the January average rate of 0.0749 to the December average rate of 0.0774, the exchange rate registered a net change of 3.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0837 was down 11.75% compared to the 2022 peak of 0.0948, 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 418 GHS

2022 Average 294 GHS

Yearly Trough Low 275 GHS

Transaction Impact: A difference of 143.36 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0820

0.0721

JanuMarcMayJulySeptNove

JMD to GHS 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 0.0765, compared to 0.0752 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0765

H2 Avg (Jul–Dec) 0.0752

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0263 GHS (High: 0.0813 / Low: 0.0550). On the other end, December was the most stable month, with a tight range of 0.0007 GHS (High: 0.0777 / Low: 0.0770).

January Spread (Volatile) ±0.0263

December Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0060 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0809) against the same month in 2022 (average: 0.0416), the exchange rate shifted by +0.0393 (+94.40%).

2023 Avg (February) 0.0809

2022 Avg (February) 0.0416

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0813	0.0550	0.0749
February	0.0837	0.0788	0.0809
March	0.0835	0.0773	0.0812
April	0.0790	0.0707	0.0752
May	0.0775	0.0689	0.0738
June	0.0748	0.0720	0.0733
July	0.0753	0.0733	0.0740
August	0.0739	0.0722	0.0729
September	0.0749	0.0739	0.0743
October	0.0770	0.0748	0.0759
November	0.0773	0.0763	0.0769
December	0.0777	0.0770	0.0774