2023 JMD to TRY Historical Review

YEARLY HIGH

0.1908 TRY

YEARLY LOW

0.1208 TRY

YEARLY AVERAGE

0.1543 TRY

2023 JMD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.1908. Conversely, the yearly low was recorded on February 5, dropping to 0.1208.

This high-to-low spread represents a total annual volatility of 0.0700 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1229 to the December average rate of 0.1874, the exchange rate registered a net change of 52.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1908 was up 54.82% compared to the 2022 peak of 0.1232, 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 954 TRY

2022 Average 541 TRY

Yearly Trough Low 604 TRY

Transaction Impact: A difference of 350.00 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1939

0.1157

JanuMarcMayJulySeptNove

JMD to TRY 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 0.1299, compared to 0.1787 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0489 points.

H1 Avg (Jan–Jun) 0.1299

H2 Avg (Jul–Dec) 0.1787

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0342 TRY (High: 0.1692 / Low: 0.1350). On the other end, February was the most stable month, with a tight range of 0.0021 TRY (High: 0.1229 / Low: 0.1208).

June Spread (Volatile) ±0.0342

February Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0006 points.

Longest Streak 10 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1874) against the same month in 2022 (average: 0.1217), the exchange rate shifted by +0.0657 (+53.95%).

2023 Avg (December) 0.1874

2022 Avg (December) 0.1217

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1241	0.1220	0.1229
February	0.1229	0.1208	0.1222
March	0.1273	0.1226	0.1251
April	0.1287	0.1265	0.1271
May	0.1345	0.1265	0.1283
June	0.1692	0.1350	0.1535
July	0.1750	0.1678	0.1716
August	0.1762	0.1683	0.1741
September	0.1775	0.1731	0.1748
October	0.1833	0.1770	0.1800
November	0.1866	0.1821	0.1845
December	0.1908	0.1849	0.1874