2023 JMD to ZAR Historical Review

YEARLY HIGH

0.1284 ZAR

YEARLY LOW

0.1094 ZAR

YEARLY AVERAGE

0.1198 ZAR

2023 JMD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.1284. Conversely, the yearly low was recorded on January 12, dropping to 0.1094.

This high-to-low spread represents a total annual volatility of 0.0189 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1117 to the December average rate of 0.1197, the exchange rate registered a net change of 7.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1284 was up 6.04% compared to the 2022 peak of 0.1211, 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 642 ZAR

2022 Average 534 ZAR

Yearly Trough Low 547 ZAR

Transaction Impact: A difference of 94.63 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1252

0.1105

JanuMarcMayJulySeptNove

JMD to ZAR 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 0.1188, compared to 0.1207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.1188

H2 Avg (Jul–Dec) 0.1207

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0105 ZAR (High: 0.1242 / Low: 0.1137). On the other end, September was the most stable month, with a tight range of 0.0032 ZAR (High: 0.1244 / Low: 0.1211).

July Spread (Volatile) ±0.0105

September Spread (Stable) ±0.0032

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 0.0035 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1239) against the same month in 2022 (average: 0.1028), the exchange rate shifted by +0.0212 (+20.60%).

2023 Avg (May) 0.1239

2022 Avg (May) 0.1028

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1132	0.1094	0.1117
February	0.1197	0.1111	0.1162
March	0.1256	0.1177	0.1203
April	0.1216	0.1179	0.1194
May	0.1284	0.1192	0.1239
June	0.1270	0.1177	0.1213
July	0.1242	0.1137	0.1181
August	0.1240	0.1183	0.1215
September	0.1244	0.1211	0.1227
October	0.1258	0.1207	0.1228
November	0.1214	0.1167	0.1193
December	0.1225	0.1172	0.1197