2023 JMD to MMK Historical Review

YEARLY HIGH

13.9599 MMK

YEARLY LOW

13.4177 MMK

YEARLY AVERAGE

13.6255 MMK

2023 JMD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 13.9599. Conversely, the yearly low was recorded on November 8, dropping to 13.4177.

This high-to-low spread represents a total annual volatility of 0.5423 MMK. From a start-to-finish perspective, comparing the January average rate of 13.7373 to the December average rate of 13.5348, the exchange rate registered a net change of -1.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.9599 was down 0.29% compared to the 2022 peak of 14.0003, 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 69,800 MMK

2022 Average 62,889 MMK

Yearly Trough Low 67,088 MMK

Transaction Impact: A difference of 2,711.29 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.8351

13.4729

JanuMarcMayJulySeptNove

JMD to MMK 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 13.6933, compared to 13.5577 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1356 points.

H1 Avg (Jan–Jun) 13.6933

H2 Avg (Jul–Dec) 13.5577

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.2937 MMK (High: 13.9301 / Low: 13.6364). On the other end, September was the most stable month, with a tight range of 0.0747 MMK (High: 13.6231 / Low: 13.5484).

March Spread (Volatile) ±0.2937

September Spread (Stable) ±0.0747

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 April and May, when the average rate fell by 0.1682 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1682

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 13.7893) against the same month in 2022 (average: 11.8843), the exchange rate shifted by +1.9050 (+16.03%).

2023 Avg (April) 13.7893

2022 Avg (April) 11.8843

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.9071	13.6218	13.7373
February	13.7023	13.5922	13.6165
March	13.9301	13.6364	13.8049
April	13.9599	13.6823	13.7893
May	13.7282	13.5478	13.6211
June	13.6926	13.5283	13.5909
July	13.6743	13.5670	13.5979
August	13.6875	13.5053	13.5818
September	13.6231	13.5484	13.5860
October	13.5922	13.4809	13.5430
November	13.5923	13.4177	13.5031
December	13.5934	13.4841	13.5348