2023 JMD to SEK Historical Review

YEARLY HIGH

0.0725 SEK

YEARLY LOW

0.0641 SEK

YEARLY AVERAGE

0.0689 SEK

2023 JMD to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 27, valuing the pair at 0.0725. Conversely, the yearly low was recorded on December 27, dropping to 0.0641.

This high-to-low spread represents a total annual volatility of 0.0084 SEK. From a start-to-finish perspective, comparing the January average rate of 0.0680 to the December average rate of 0.0660, the exchange rate registered a net change of -2.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0725 was down 3.11% compared to the 2022 peak of 0.0748, 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 SEK

2022 Average 330 SEK

Yearly Trough Low 321 SEK

Transaction Impact: A difference of 41.83 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0724

0.0654

JanuMarcMayJulySeptNove

JMD to SEK 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 0.0684, compared to 0.0693 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0684

H2 Avg (Jul–Dec) 0.0693

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0055 SEK (High: 0.0720 / Low: 0.0665). On the other end, June was the most stable month, with a tight range of 0.0018 SEK (High: 0.0704 / Low: 0.0686).

November Spread (Volatile) ±0.0055

June Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between July and September, 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 November and December, when the average rate fell by 0.0028 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0712) against the same month in 2022 (average: 0.0729), the exchange rate shifted by -0.0017 (-2.35%).

2023 Avg (October) 0.0712

2022 Avg (October) 0.0729

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0703	0.0662	0.0680
February	0.0690	0.0670	0.0678
March	0.0711	0.0681	0.0692
April	0.0693	0.0670	0.0680
May	0.0706	0.0659	0.0680
June	0.0704	0.0686	0.0697
July	0.0712	0.0659	0.0683
August	0.0715	0.0684	0.0701
September	0.0724	0.0703	0.0718
October	0.0725	0.0702	0.0712
November	0.0720	0.0665	0.0687
December	0.0676	0.0641	0.0660