2023 JMD to PHP Historical Review

YEARLY HIGH

0.3706 PHP

YEARLY LOW

0.3441 PHP

YEARLY AVERAGE

0.3610 PHP

2023 JMD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 0.3706. Conversely, the yearly low was recorded on February 5, dropping to 0.3441.

This high-to-low spread represents a total annual volatility of 0.0265 PHP. From a start-to-finish perspective, comparing the January average rate of 0.3594 to the December average rate of 0.3575, the exchange rate registered a net change of -0.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3706 was down 5.01% compared to the 2022 peak of 0.3901, 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 1,853 PHP

2022 Average 1,777 PHP

Yearly Trough Low 1,721 PHP

Transaction Impact: A difference of 132.30 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3687

0.3544

JanuMarcMayJulySeptNove

JMD to PHP 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 0.3603, compared to 0.3617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.3603

H2 Avg (Jul–Dec) 0.3617

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0177 PHP (High: 0.3618 / Low: 0.3441). On the other end, December was the most stable month, with a tight range of 0.0040 PHP (High: 0.3595 / Low: 0.3555).

February Spread (Volatile) ±0.0177

December Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between February and April, 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 October and November, when the average rate fell by 0.0077 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0077

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.3675) against the same month in 2022 (average: 0.3806), the exchange rate shifted by -0.0131 (-3.43%).

2023 Avg (September) 0.3675

2022 Avg (September) 0.3806

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3705	0.3532	0.3594
February	0.3618	0.3441	0.3556
March	0.3663	0.3569	0.3603
April	0.3692	0.3582	0.3632
May	0.3662	0.3594	0.3619
June	0.3638	0.3580	0.3612
July	0.3616	0.3516	0.3560
August	0.3683	0.3552	0.3642
September	0.3706	0.3647	0.3675
October	0.3692	0.3639	0.3664
November	0.3657	0.3550	0.3587
December	0.3595	0.3555	0.3575