2023 JMD to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JMD to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JMD to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 30, valuing the pair at 134.2235. Conversely, the yearly low was recorded on February 18, dropping to 108.2087.
This high-to-low spread represents a total annual volatility of 26.0148 LAK. From a start-to-finish perspective, comparing the January average rate of 111.1424 to the December average rate of 132.9839, the exchange rate registered a net change of 19.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 134.2235 was up 11.76% compared to the 2022 peak of 120.0989, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JMD to LAK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 112.8686, compared to 129.6099 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 16.7413 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 8.6602 LAK (High: 123.3654 / Low: 114.7052). On the other end, November was the most stable month, with a tight range of 1.6671 LAK (High: 134.1718 / Low: 132.5047).
Growth Streaks & Declines
TrendsBetween February and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.7396 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 132.9313) against the same month in 2022 (average: 110.5078), the exchange rate shifted by +22.4235 (+20.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 114.8619 | 109.2283 | 111.1424 |
| February | 110.0216 | 108.2087 | 109.4028 |
| March | 112.8834 | 109.4906 | 111.0994 |
| April | 113.2907 | 111.3160 | 112.6908 |
| May | 115.2622 | 113.0475 | 113.8962 |
| June | 123.3654 | 114.7052 | 118.9799 |
| July | 125.2130 | 121.6184 | 123.8653 |
| August | 127.0056 | 123.4411 | 125.7468 |
| September | 131.5472 | 127.3870 | 128.9328 |
| October | 134.2235 | 131.3821 | 132.9313 |
| November | 134.1718 | 132.5047 | 133.1993 |
| December | 133.9634 | 132.1534 | 132.9839 |