2023 JMD to MXN Historical Review

YEARLY HIGH

0.1289 MXN

YEARLY LOW

0.1079 MXN

YEARLY AVERAGE

0.1152 MXN

2023 JMD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.1289. Conversely, the yearly low was recorded on August 27, dropping to 0.1079.

This high-to-low spread represents a total annual volatility of 0.0209 MXN. From a start-to-finish perspective, comparing the January average rate of 0.1241 to the December average rate of 0.1105, the exchange rate registered a net change of -10.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1289 was down 7.28% compared to the 2022 peak of 0.1390, 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 644 MXN

2022 Average 655 MXN

Yearly Trough Low 540 MXN

Transaction Impact: A difference of 104.64 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1255

0.1083

JanuMarcMayJulySeptNove

JMD to MXN 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 0.1185, compared to 0.1118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.1185

H2 Avg (Jul–Dec) 0.1118

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0093 MXN (High: 0.1264 / Low: 0.1171). On the other end, April was the most stable month, with a tight range of 0.0027 MXN (High: 0.1203 / Low: 0.1176).

March Spread (Volatile) ±0.0093

April Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0049 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1241) against the same month in 2022 (average: 0.1323), the exchange rate shifted by -0.0082 (-6.23%).

2023 Avg (January) 0.1241

2022 Avg (January) 0.1323

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1289	0.1219	0.1241
February	0.1246	0.1189	0.1206
March	0.1264	0.1171	0.1212
April	0.1203	0.1176	0.1188
May	0.1176	0.1128	0.1150
June	0.1136	0.1106	0.1116
July	0.1118	0.1081	0.1097
August	0.1121	0.1079	0.1099
September	0.1143	0.1104	0.1119
October	0.1185	0.1121	0.1167
November	0.1146	0.1101	0.1119
December	0.1125	0.1092	0.1105