YEARLY HIGH
0.0416 JMD
YEARLY LOW
0.0343 JMD
YEARLY AVERAGE
0.0386 JMD

2018 MGA to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MGA to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 9, valuing the pair at 0.0416. Conversely, the yearly low was recorded on November 27, dropping to 0.0343.

This high-to-low spread represents a total annual volatility of 0.0072 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0383 to the December average rate of 0.0360, the exchange rate registered a net change of -5.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0416 was down 6.40% compared to the 2017 peak of 0.0444, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 208 JMD
2017 Average 206 JMD
Yearly Trough Low 172 JMD
Transaction Impact: A difference of 36.01 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0416
0.0346
JanuMarcMayJulySeptNove

MGA 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 0.0390, compared to 0.0382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0390
H2 Avg (Jul–Dec) 0.0382

Volatility Range Comparison

Volatility

The most volatile month in 2018 was October, with a trading range of 0.0027 JMD (High: 0.0391 / Low: 0.0364). On the other end, May was the most stable month, with a tight range of 0.0007 JMD (High: 0.0388 / Low: 0.0382).

October Spread (Volatile) ±0.0027
May Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between May and August, 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 0.0026 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2018: 0.0404) against the same month in 2017 (average: 0.0404), the exchange rate shifted by -0.0000 (-0.05%).

2018 Avg (March) 0.0404
2017 Avg (March) 0.0404

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0388 0.0379 0.0383
February 0.0407 0.0385 0.0397
March 0.0416 0.0391 0.0404
April 0.0393 0.0383 0.0388
May 0.0388 0.0382 0.0385
June 0.0395 0.0378 0.0386
July 0.0407 0.0383 0.0392
August 0.0413 0.0406 0.0410
September 0.0410 0.0392 0.0400
October 0.0391 0.0364 0.0378
November 0.0364 0.0343 0.0352
December 0.0367 0.0344 0.0360