2023 PHP to JMD Historical Review

YEARLY HIGH

2.9059 JMD

YEARLY LOW

2.6984 JMD

YEARLY AVERAGE

2.7706 JMD

2023 PHP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.9059. Conversely, the yearly low was recorded on September 26, dropping to 2.6984.

This high-to-low spread represents a total annual volatility of 0.2075 JMD. From a start-to-finish perspective, comparing the January average rate of 2.7833 to the December average rate of 2.7975, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9059 was down 5.61% compared to the 2022 peak of 3.0786, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 726,463 JMD

2022 Average 705,536 JMD

Yearly Trough Low 674,594 JMD

Transaction Impact: A difference of 51,868.14 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8213

2.7120

JanuMarcMayJulySeptNove

PHP 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 2.7760, compared to 2.7653 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0108 points.

H1 Avg (Jan–Jun) 2.7760

H2 Avg (Jul–Dec) 2.7653

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1420 JMD (High: 2.9059 / Low: 2.7639). On the other end, December was the most stable month, with a tight range of 0.0314 JMD (High: 2.8131 / Low: 2.7816).

February Spread (Volatile) ±0.1420

December Spread (Stable) ±0.0314

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 0.0633 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0633

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.8122) against the same month in 2022 (average: 3.0478), the exchange rate shifted by -0.2357 (-7.73%).

2023 Avg (February) 2.8122

2022 Avg (February) 3.0478

मासिक विश्लेषण

प्रत्येक कॅलेंडर महिन्यासाठी सांख्यिकीय सारांश.

Month	High	Low	Average
January	2.8309	2.6987	2.7833
February	2.9059	2.7639	2.8122
March	2.8016	2.7301	2.7755
April	2.7918	2.7086	2.7537
May	2.7826	2.7307	2.7633
June	2.7931	2.7486	2.7682
July	2.8442	2.7657	2.8096
August	2.8152	2.7153	2.7462
September	2.7419	2.6984	2.7211
October	2.7478	2.7083	2.7290
November	2.8172	2.7347	2.7880
December	2.8131	2.7816	2.7975

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