2023 JMD to SGD Historical Review

YEARLY HIGH

0.0090 SGD

YEARLY LOW

0.0085 SGD

YEARLY AVERAGE

0.0087 SGD

2023 JMD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0090. Conversely, the yearly low was recorded on February 5, dropping to 0.0085.

This high-to-low spread represents a total annual volatility of 0.0005 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0087 to the December average rate of 0.0086, the exchange rate registered a net change of -1.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0090 was down 5.45% compared to the 2022 peak of 0.0095, 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 45 SGD

2022 Average 45 SGD

Yearly Trough Low 42 SGD

Transaction Impact: A difference of 2.35 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0089

0.0085

JanuMarcMayJulySeptNove

JMD to SGD 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 0.0087, compared to 0.0087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0087

H2 Avg (Jul–Dec) 0.0087

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0004 SGD (High: 0.0089 / Low: 0.0085). On the other end, October was the most stable month, with a tight range of 0.0001 SGD (High: 0.0089 / Low: 0.0088).

January Spread (Volatile) ±0.0004

October Spread (Stable) ±0.0001

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 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0088) against the same month in 2022 (average: 0.0089), the exchange rate shifted by -0.0000 (-0.26%).

2023 Avg (March) 0.0088

2022 Avg (March) 0.0089

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0089	0.0085	0.0087
February	0.0088	0.0085	0.0086
March	0.0090	0.0087	0.0088
April	0.0089	0.0087	0.0088
May	0.0088	0.0086	0.0087
June	0.0088	0.0087	0.0087
July	0.0088	0.0085	0.0087
August	0.0088	0.0086	0.0087
September	0.0089	0.0088	0.0088
October	0.0089	0.0088	0.0088
November	0.0088	0.0086	0.0087
December	0.0086	0.0085	0.0086