2023 KES to JMD Historical Review

YEARLY HIGH

1.2403 JMD

YEARLY LOW

0.9841 JMD

YEARLY AVERAGE

1.1068 JMD

2023 KES to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 1.2403. Conversely, the yearly low was recorded on December 29, dropping to 0.9841.

This high-to-low spread represents a total annual volatility of 0.2562 JMD. From a start-to-finish perspective, comparing the January average rate of 1.2333 to the December average rate of 1.0056, the exchange rate registered a net change of -18.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2403 was down 10.42% compared to the 2022 peak of 1.3846, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 KES based on timing:

Yearly Peak High 6,201 JMD

2022 Average 6,510 JMD

Yearly Trough Low 4,920 JMD

Transaction Impact: A difference of 1,281.12 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2561

0.9829

JanuMarcMayJulySeptNove

KES to JMD 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 1.1660, compared to 1.0476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1184 points.

H1 Avg (Jan–Jun) 1.1660

H2 Avg (Jul–Dec) 1.0476

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0704 JMD (High: 1.2073 / Low: 1.1369). On the other end, January was the most stable month, with a tight range of 0.0180 JMD (High: 1.2403 / Low: 1.2223).

March Spread (Volatile) ±0.0704

January Spread (Stable) ±0.0180

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 February and March, when the average rate fell by 0.0551 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0551

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.2333) against the same month in 2022 (average: 1.3665), the exchange rate shifted by -0.1332 (-9.75%).

2023 Avg (January) 1.2333

2022 Avg (January) 1.3665

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2403	1.2223	1.2333
February	1.2395	1.2093	1.2277
March	1.2073	1.1369	1.1726
April	1.1457	1.1111	1.1323
May	1.1319	1.1109	1.1231
June	1.1289	1.0920	1.1069
July	1.1078	1.0807	1.0909
August	1.0908	1.0628	1.0756
September	1.0632	1.0445	1.0530
October	1.0512	1.0252	1.0382
November	1.0334	1.0146	1.0225
December	1.0189	0.9841	1.0056