2023 JMD to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JMD to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JMD to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 79.9174. Conversely, the yearly low was recorded on February 5, dropping to 73.0924.
This high-to-low spread represents a total annual volatility of 6.8251 UZS. From a start-to-finish perspective, comparing the January average rate of 73.9418 to the December average rate of 79.5402, the exchange rate registered a net change of 7.57% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 79.9174 was up 5.62% compared to the 2022 peak of 75.6642, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JMD to UZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 74.3055, compared to 78.0357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.7301 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 3.4560 UZS (High: 78.4081 / Low: 74.9520). On the other end, February was the most stable month, with a tight range of 0.6676 UZS (High: 73.7600 / Low: 73.0924).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.7214 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 79.5402) against the same month in 2022 (average: 73.4242), the exchange rate shifted by +6.1160 (+8.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 74.5719 | 73.1369 | 73.9418 |
| February | 73.7600 | 73.0924 | 73.5070 |
| March | 75.7756 | 73.8254 | 74.9322 |
| April | 75.8805 | 74.1275 | 74.9719 |
| May | 74.8789 | 73.6468 | 74.2505 |
| June | 74.8507 | 73.6549 | 74.2299 |
| July | 75.8250 | 74.7124 | 75.0358 |
| August | 78.4081 | 74.9520 | 77.0752 |
| September | 79.1611 | 78.4391 | 78.7247 |
| October | 79.2041 | 78.3722 | 78.8322 |
| November | 79.4318 | 78.6010 | 79.0061 |
| December | 79.9174 | 79.0816 | 79.5402 |