2023 JMD to MUR Historical Review

YEARLY HIGH

0.3102 MUR

YEARLY LOW

0.2814 MUR

YEARLY AVERAGE

0.2928 MUR

2023 JMD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 0.3102. Conversely, the yearly low was recorded on December 16, dropping to 0.2814.

This high-to-low spread represents a total annual volatility of 0.0287 MUR. From a start-to-finish perspective, comparing the January average rate of 0.2887 to the December average rate of 0.2842, the exchange rate registered a net change of -1.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3102 was up 0.86% compared to the 2022 peak of 0.3075, 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 1,551 MUR

2022 Average 1,442 MUR

Yearly Trough Low 1,407 MUR

Transaction Impact: A difference of 143.69 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3080

0.2821

JanuMarcMayJulySeptNove

JMD to MUR 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 0.2963, compared to 0.2893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0070 points.

H1 Avg (Jan–Jun) 0.2963

H2 Avg (Jul–Dec) 0.2893

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0153 MUR (High: 0.3019 / Low: 0.2866). On the other end, May was the most stable month, with a tight range of 0.0037 MUR (High: 0.2967 / Low: 0.2930).

September Spread (Volatile) ±0.0153

May Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0091 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.3058) against the same month in 2022 (average: 0.2888), the exchange rate shifted by +0.0170 (+5.89%).

2023 Avg (March) 0.3058

2022 Avg (March) 0.2888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2936	0.2855	0.2887
February	0.3023	0.2884	0.2964
March	0.3102	0.3010	0.3058
April	0.3023	0.2928	0.2967
May	0.2967	0.2930	0.2948
June	0.2996	0.2926	0.2954
July	0.2993	0.2926	0.2954
August	0.2986	0.2903	0.2942
September	0.3019	0.2866	0.2911
October	0.2882	0.2844	0.2861
November	0.2883	0.2823	0.2847
December	0.2881	0.2814	0.2842