2023 JMD to SYP Historical Review

YEARLY HIGH

16.7967 SYP

YEARLY LOW

16.0438 SYP

YEARLY AVERAGE

16.3094 SYP

2023 JMD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 16.7967. Conversely, the yearly low was recorded on November 8, dropping to 16.0438.

This high-to-low spread represents a total annual volatility of 0.7529 SYP. From a start-to-finish perspective, comparing the January average rate of 16.4356 to the December average rate of 16.1769, the exchange rate registered a net change of -1.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 16.7967 was down 0.91% compared to the 2022 peak of 16.9502, 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 83,983 SYP

2022 Average 81,885 SYP

Yearly Trough Low 80,219 SYP

Transaction Impact: A difference of 3,764.38 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

16.5779

16.1384

JanuMarcMayJulySeptNove

JMD to SYP 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 16.3916, compared to 16.2273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1642 points.

H1 Avg (Jan–Jun) 16.3916

H2 Avg (Jul–Dec) 16.2273

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.4840 SYP (High: 16.7967 / Low: 16.3127). On the other end, September was the most stable month, with a tight range of 0.1261 SYP (High: 16.3015 / Low: 16.1754).

March Spread (Volatile) ±0.4840

September Spread (Stable) ±0.1261

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2106 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 16.5413) against the same month in 2022 (average: 16.3617), the exchange rate shifted by +0.1796 (+1.10%).

2023 Avg (March) 16.5413

2022 Avg (March) 16.3617

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.6380	16.2969	16.4356
February	16.3953	16.1125	16.2894
March	16.7967	16.3127	16.5413
April	16.6946	16.3598	16.5151
May	16.4407	16.1789	16.3045
June	16.3819	16.1837	16.2635
July	16.4164	16.2275	16.2885
August	16.3718	16.1356	16.2502
September	16.3015	16.1754	16.2583
October	16.2766	16.1280	16.2150
November	16.3437	16.0438	16.1750
December	16.2615	16.0596	16.1769