2023 JMD to NOK Historical Review

YEARLY HIGH

0.0727 NOK

YEARLY LOW

0.0639 NOK

YEARLY AVERAGE

0.0685 NOK

2023 JMD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.0727. Conversely, the yearly low was recorded on January 21, dropping to 0.0639.

This high-to-low spread represents a total annual volatility of 0.0088 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0649 to the December average rate of 0.0677, the exchange rate registered a net change of 4.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0727 was up 1.61% compared to the 2022 peak of 0.0715, 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 363 NOK

2022 Average 314 NOK

Yearly Trough Low 319 NOK

Transaction Impact: A difference of 44.17 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0716

0.0643

JanuMarcMayJulySeptNove

JMD to NOK 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 0.0683, compared to 0.0688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0683

H2 Avg (Jul–Dec) 0.0688

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0059 NOK (High: 0.0702 / Low: 0.0643). On the other end, September was the most stable month, with a tight range of 0.0013 NOK (High: 0.0701 / Low: 0.0687).

July Spread (Volatile) ±0.0059

September Spread (Stable) ±0.0013

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 June and July, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0702) against the same month in 2022 (average: 0.0620), the exchange rate shifted by +0.0081 (+13.09%).

2023 Avg (May) 0.0702

2022 Avg (May) 0.0620

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0675	0.0639	0.0649
February	0.0677	0.0645	0.0664
March	0.0715	0.0677	0.0694
April	0.0706	0.0678	0.0691
May	0.0727	0.0680	0.0702
June	0.0716	0.0679	0.0699
July	0.0702	0.0643	0.0667
August	0.0697	0.0656	0.0677
September	0.0701	0.0687	0.0694
October	0.0724	0.0690	0.0710
November	0.0721	0.0684	0.0702
December	0.0706	0.0652	0.0677