2023 JMD to MVR Historical Review

YEARLY HIGH

0.1030 MVR

YEARLY LOW

0.0977 MVR

YEARLY AVERAGE

0.0998 MVR

2023 JMD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.1030. Conversely, the yearly low was recorded on November 8, dropping to 0.0977.

This high-to-low spread represents a total annual volatility of 0.0052 MVR. From a start-to-finish perspective, comparing the January average rate of 0.1006 to the December average rate of 0.0990, the exchange rate registered a net change of -1.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1030 was down 1.35% compared to the 2022 peak of 0.1044, 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 515 MVR

2022 Average 503 MVR

Yearly Trough Low 489 MVR

Transaction Impact: A difference of 26.16 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1015

0.0987

JanuMarcMayJulySeptNove

JMD to MVR 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 0.1002, compared to 0.0993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.1002

H2 Avg (Jul–Dec) 0.0993

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0032 MVR (High: 0.1030 / Low: 0.0997). On the other end, October was the most stable month, with a tight range of 0.0011 MVR (High: 0.0998 / Low: 0.0987).

March Spread (Volatile) ±0.0032

October Spread (Stable) ±0.0011

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 0.0014 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1012) against the same month in 2022 (average: 0.1006), the exchange rate shifted by +0.0006 (+0.60%).

2023 Avg (March) 0.1012

2022 Avg (March) 0.1006

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1020	0.0997	0.1006
February	0.1002	0.0984	0.0995
March	0.1030	0.0997	0.1012
April	0.1023	0.1000	0.1009
May	0.1005	0.0985	0.0996
June	0.1001	0.0989	0.0993
July	0.1006	0.0992	0.0997
August	0.1000	0.0986	0.0994
September	0.1003	0.0991	0.0998
October	0.0998	0.0987	0.0993
November	0.1004	0.0977	0.0989
December	0.0997	0.0984	0.0990