2023 MMK to JMD Historical Review

YEARLY HIGH

0.0745 JMD

YEARLY LOW

0.0716 JMD

YEARLY AVERAGE

0.0734 JMD

2023 MMK to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.0745. Conversely, the yearly low was recorded on April 3, dropping to 0.0716.

This high-to-low spread represents a total annual volatility of 0.0029 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0728 to the December average rate of 0.0739, the exchange rate registered a net change of 1.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0745 was down 15.71% compared to the 2022 peak of 0.0884, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 373 JMD

2022 Average 400 JMD

Yearly Trough Low 358 JMD

Transaction Impact: A difference of 14.47 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0742

0.0723

JanuMarcMayJulySeptNove

MMK 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 0.0730, compared to 0.0738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0730

H2 Avg (Jul–Dec) 0.0738

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0015 JMD (High: 0.0733 / Low: 0.0718). On the other end, September was the most stable month, with a tight range of 0.0004 JMD (High: 0.0738 / Low: 0.0734).

March Spread (Volatile) ±0.0015

September Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0741) against the same month in 2022 (average: 0.0733), the exchange rate shifted by +0.0008 (+1.09%).

2023 Avg (November) 0.0741

2022 Avg (November) 0.0733

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0734	0.0719	0.0728
February	0.0736	0.0730	0.0734
March	0.0733	0.0718	0.0724
April	0.0731	0.0716	0.0725
May	0.0738	0.0728	0.0734
June	0.0739	0.0730	0.0736
July	0.0737	0.0731	0.0735
August	0.0740	0.0731	0.0736
September	0.0738	0.0734	0.0736
October	0.0742	0.0736	0.0738
November	0.0745	0.0736	0.0741
December	0.0742	0.0736	0.0739