2023 JMD to INR Historical Review

YEARLY HIGH

0.5518 INR

YEARLY LOW

0.5280 INR

YEARLY AVERAGE

0.5360 INR

2023 JMD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.5518. Conversely, the yearly low was recorded on January 22, dropping to 0.5280.

This high-to-low spread represents a total annual volatility of 0.0238 INR. From a start-to-finish perspective, comparing the January average rate of 0.5346 to the December average rate of 0.5360, the exchange rate registered a net change of 0.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5518 was up 1.14% compared to the 2022 peak of 0.5456, 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 2,759 INR

2022 Average 2,562 INR

Yearly Trough Low 2,640 INR

Transaction Impact: A difference of 118.94 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5424

0.5309

JanuMarcMayJulySeptNove

JMD to INR 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 0.5361, compared to 0.5359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.5361

H2 Avg (Jul–Dec) 0.5359

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0202 INR (High: 0.5482 / Low: 0.5280). On the other end, September was the most stable month, with a tight range of 0.0040 INR (High: 0.5391 / Low: 0.5350).

January Spread (Volatile) ±0.0202

September Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0045 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5414) against the same month in 2022 (average: 0.4966), the exchange rate shifted by +0.0448 (+9.03%).

2023 Avg (March) 0.5414

2022 Avg (March) 0.4966

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5482	0.5280	0.5346
February	0.5393	0.5281	0.5357
March	0.5518	0.5330	0.5414
April	0.5458	0.5324	0.5387
May	0.5382	0.5304	0.5342
June	0.5346	0.5290	0.5319
July	0.5381	0.5298	0.5328
August	0.5399	0.5313	0.5358
September	0.5391	0.5350	0.5374
October	0.5404	0.5340	0.5371
November	0.5409	0.5314	0.5360
December	0.5386	0.5308	0.5360