2023 JMD to IRR Historical Review

YEARLY HIGH

282.4483 IRR

YEARLY LOW

269.7881 IRR

YEARLY AVERAGE

274.0538 IRR

2023 JMD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 282.4483. Conversely, the yearly low was recorded on November 8, dropping to 269.7881.

This high-to-low spread represents a total annual volatility of 12.6601 IRR. From a start-to-finish perspective, comparing the January average rate of 274.3155 to the December average rate of 271.8975, the exchange rate registered a net change of -0.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 282.4483 was down 1.26% compared to the 2022 peak of 286.0416, 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 1,412,241 IRR

2022 Average 1,377,616 IRR

Yearly Trough Low 1,348,941 IRR

Transaction Impact: A difference of 63,300.75 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

278.3542

271.3106

JanuMarcMayJulySeptNove

JMD to IRR 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 275.2209, compared to 272.8867 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3341 points.

H1 Avg (Jan–Jun) 275.2209

H2 Avg (Jul–Dec) 272.8867

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 8.1384 IRR (High: 282.4483 / Low: 274.3099). On the other end, September was the most stable month, with a tight range of 2.2001 IRR (High: 274.1213 / Low: 271.9212).

March Spread (Volatile) ±8.1384

September Spread (Stable) ±2.2001

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 3.4556 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.4556

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 277.5775) against the same month in 2022 (average: 275.3959), the exchange rate shifted by +2.1816 (+0.79%).

2023 Avg (March) 277.5775

2022 Avg (March) 275.3959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	277.4629	271.4669	274.3155
February	275.4052	269.8111	273.7145
March	282.4483	274.3099	277.5775
April	280.7314	275.1023	277.7672
May	276.6260	272.3810	274.3116
June	275.6370	272.4619	273.6389
July	276.1357	271.7722	273.8649
August	275.7113	271.7337	273.4497
September	274.1213	271.9212	273.4099
October	273.7837	271.2841	272.6665
November	274.7660	269.7881	272.0319
December	273.3005	270.1328	271.8975