2023 JMD to GMD Historical Review

YEARLY HIGH

0.4357 GMD

YEARLY LOW

0.3834 GMD

YEARLY AVERAGE

0.4043 GMD

2023 JMD to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.4357. Conversely, the yearly low was recorded on June 12, dropping to 0.3834.

This high-to-low spread represents a total annual volatility of 0.0523 GMD. From a start-to-finish perspective, comparing the January average rate of 0.4057 to the December average rate of 0.4336, the exchange rate registered a net change of 6.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4357 was up 6.71% compared to the 2022 peak of 0.4083, 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 2,179 GMD

2022 Average 1,806 GMD

Yearly Trough Low 1,917 GMD

Transaction Impact: A difference of 261.65 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4385

0.3802

JanuMarcMayJulySeptNove

JMD to GMD 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 0.3976, compared to 0.4110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 0.3976

H2 Avg (Jul–Dec) 0.4110

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0297 GMD (High: 0.4212 / Low: 0.3914). On the other end, July was the most stable month, with a tight range of 0.0045 GMD (High: 0.3894 / Low: 0.3849).

September Spread (Volatile) ±0.0297

July Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0186 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4336) against the same month in 2022 (average: 0.4050), the exchange rate shifted by +0.0287 (+7.08%).

2023 Avg (December) 0.4336

2022 Avg (December) 0.4050

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4108	0.3987	0.4057
February	0.4020	0.3921	0.3961
March	0.4126	0.3963	0.4042
April	0.4130	0.3915	0.4065
May	0.3928	0.3838	0.3879
June	0.3879	0.3834	0.3850
July	0.3894	0.3849	0.3867
August	0.3951	0.3877	0.3918
September	0.4212	0.3914	0.4000
October	0.4263	0.4144	0.4235
November	0.4352	0.4197	0.4306
December	0.4357	0.4282	0.4336