2023 MOP to JMD Historical Review

YEARLY HIGH

19.4405 JMD

YEARLY LOW

18.6032 JMD

YEARLY AVERAGE

19.1127 JMD

2023 MOP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 19.4405. Conversely, the yearly low was recorded on April 3, dropping to 18.6032.

This high-to-low spread represents a total annual volatility of 0.8373 JMD. From a start-to-finish perspective, comparing the January average rate of 18.9806 to the December average rate of 19.2860, the exchange rate registered a net change of 1.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.4405 was down 0.74% compared to the 2022 peak of 19.5849, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 97,202 JMD

2022 Average 95,116 JMD

Yearly Trough Low 93,016 JMD

Transaction Impact: A difference of 4,186.69 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.3925

18.7641

JanuMarcMayJulySeptNove

MOP 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 18.9935, compared to 19.2319 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2385 points.

H1 Avg (Jan–Jun) 18.9935

H2 Avg (Jul–Dec) 19.2319

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.4031 JMD (High: 19.0474 / Low: 18.6444). On the other end, September was the most stable month, with a tight range of 0.1369 JMD (High: 19.2233 / Low: 19.0864).

March Spread (Volatile) ±0.4031

September Spread (Stable) ±0.1369

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2660 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2660

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 19.3401) against the same month in 2022 (average: 19.0751), the exchange rate shifted by +0.2650 (+1.39%).

2023 Avg (November) 19.3401

2022 Avg (November) 19.0751

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.1188	18.7509	18.9806
February	19.1253	18.9731	19.0824
March	19.0474	18.6444	18.8164
April	18.9838	18.6032	18.8357
May	19.2057	18.9191	19.0939
June	19.2300	19.0172	19.1519
July	19.2530	19.0467	19.1793
August	19.3547	19.0658	19.1842
September	19.2233	19.0864	19.1657
October	19.3229	19.1734	19.2363
November	19.4405	19.1718	19.3401
December	19.3559	19.1886	19.2860