2023 JMD to IDR Historical Review

YEARLY HIGH

103.3811 IDR

YEARLY LOW

95.1625 IDR

YEARLY AVERAGE

98.9275 IDR

2023 JMD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 103.3811. Conversely, the yearly low was recorded on May 10, dropping to 95.1625.

This high-to-low spread represents a total annual volatility of 8.2185 IDR. From a start-to-finish perspective, comparing the January average rate of 99.7190 to the December average rate of 99.6856, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 103.3811 was up 0.05% compared to the 2022 peak of 103.3264, 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 516,905 IDR

2022 Average 484,083 IDR

Yearly Trough Low 475,813 IDR

Transaction Impact: A difference of 41,092.70 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

102.2471

95.8034

JanuMarcMayJulySeptNove

JMD to IDR 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 98.2654, compared to 99.5895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3241 points.

H1 Avg (Jan–Jun) 98.2654

H2 Avg (Jul–Dec) 99.5895

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 6.3758 IDR (High: 103.3811 / Low: 97.0053). On the other end, August was the most stable month, with a tight range of 1.5925 IDR (High: 99.3837 / Low: 97.7912).

January Spread (Volatile) ±6.3758

August Spread (Stable) ±1.5925

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.9531 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.9531

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 99.7190) against the same month in 2022 (average: 92.4953), the exchange rate shifted by +7.2237 (+7.81%).

2023 Avg (January) 99.7190

2022 Avg (January) 92.4953

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	103.3811	97.0053	99.7190
February	99.2338	96.8011	98.3223
March	102.7778	99.3656	100.7069
April	99.5397	95.8300	97.7538
May	97.4056	95.1625	96.3404
June	98.0968	95.8080	96.7504
July	98.7174	96.7303	97.6282
August	99.3837	97.7912	98.7373
September	100.6403	98.6413	99.4914
October	103.0997	99.5010	101.7101
November	102.6322	98.9156	100.2844
December	100.6435	98.6574	99.6856