2023 JMD to GNF Historical Review

YEARLY HIGH

57.7797 GNF

YEARLY LOW

55.0013 GNF

YEARLY AVERAGE

55.9460 GNF

2023 JMD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 57.7797. Conversely, the yearly low was recorded on December 16, dropping to 55.0013.

This high-to-low spread represents a total annual volatility of 2.7783 GNF. From a start-to-finish perspective, comparing the January average rate of 56.6927 to the December average rate of 55.3839, the exchange rate registered a net change of -2.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 57.7797 was down 4.72% compared to the 2022 peak of 60.6412, 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 288,898 GNF

2022 Average 287,009 GNF

Yearly Trough Low 275,007 GNF

Transaction Impact: A difference of 13,891.70 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

57.0077

55.2124

JanuMarcMayJulySeptNove

JMD to GNF 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 56.3215, compared to 55.5704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7510 points.

H1 Avg (Jan–Jun) 56.3215

H2 Avg (Jul–Dec) 55.5704

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.9142 GNF (High: 57.7797 / Low: 55.8654). On the other end, September was the most stable month, with a tight range of 0.6573 GNF (High: 56.0451 / Low: 55.3878).

January Spread (Volatile) ±1.9142

September Spread (Stable) ±0.6573

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6440 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.6440

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 56.6927) against the same month in 2022 (average: 58.7046), the exchange rate shifted by -2.0119 (-3.43%).

2023 Avg (January) 56.6927

2022 Avg (January) 58.7046

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.7797	55.8654	56.6927
February	57.0021	55.2724	56.0487
March	57.4208	56.2808	56.8581
April	57.4208	55.8713	56.5300
May	56.4009	55.4610	55.9675
June	56.3988	55.5228	55.8320
July	56.3199	55.5962	55.7988
August	56.3378	55.3169	55.6935
September	56.0451	55.3878	55.6797
October	55.8990	55.1447	55.5048
November	55.9004	55.0392	55.3620
December	55.6627	55.0013	55.3839