2023 MVR to JMD Historical Review

YEARLY HIGH

10.2333 JMD

YEARLY LOW

9.7133 JMD

YEARLY AVERAGE

10.0233 JMD

2023 MVR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 10.2333. Conversely, the yearly low was recorded on March 19, dropping to 9.7133.

This high-to-low spread represents a total annual volatility of 0.5200 JMD. From a start-to-finish perspective, comparing the January average rate of 9.9373 to the December average rate of 10.1034, the exchange rate registered a net change of 1.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.2333 was up 0.19% compared to the 2022 peak of 10.2142, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 51,167 JMD

2022 Average 49,740 JMD

Yearly Trough Low 48,567 JMD

Transaction Impact: A difference of 2,600.22 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.1335

9.8572

JanuMarcMayJulySeptNove

MVR 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 9.9803, compared to 10.0663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0861 points.

H1 Avg (Jan–Jun) 9.9803

H2 Avg (Jul–Dec) 10.0663

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.3142 JMD (High: 10.0275 / Low: 9.7133). On the other end, October was the most stable month, with a tight range of 0.1087 JMD (High: 10.1325 / Low: 10.0238).

March Spread (Volatile) ±0.3142

October Spread (Stable) ±0.1087

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 0.1659 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1659

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 10.1105) against the same month in 2022 (average: 9.9768), the exchange rate shifted by +0.1337 (+1.34%).

2023 Avg (November) 10.1105

2022 Avg (November) 9.9768

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0307	9.7996	9.9373
February	10.1587	9.9770	10.0461
March	10.0275	9.7133	9.8802
April	9.9986	9.7756	9.9065
May	10.1501	9.9524	10.0426
June	10.1141	9.9852	10.0690
July	10.0785	9.9383	10.0322
August	10.1376	9.9978	10.0582
September	10.0864	9.9695	10.0240
October	10.1325	10.0238	10.0698
November	10.2333	9.9567	10.1105
December	10.1591	10.0330	10.1034