2023 QAR to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 42.9943. Conversely, the yearly low was recorded on April 3, dropping to 40.9094.
This high-to-low spread represents a total annual volatility of 2.0849 JMD. From a start-to-finish perspective, comparing the January average rate of 41.9530 to the December average rate of 42.6156, the exchange rate registered a net change of 1.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 42.9943 was down 0.80% compared to the 2022 peak of 43.3424, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
QAR to JMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 42.0626, compared to 42.5112 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4486 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 1.6356 JMD (High: 42.5450 / Low: 40.9094). On the other end, September was the most stable month, with a tight range of 0.3450 JMD (High: 42.6613 / Low: 42.3164).
Growth Streaks & Declines
TrendsBetween July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6393 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 42.6826) against the same month in 2022 (average: 42.1893), the exchange rate shifted by +0.4933 (+1.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.2681 | 41.3255 | 41.9530 |
| February | 42.6232 | 41.9543 | 42.2939 |
| March | 42.2841 | 41.0835 | 41.6546 |
| April | 42.5450 | 40.9094 | 41.7358 |
| May | 42.6249 | 41.9827 | 42.3226 |
| June | 42.5953 | 42.1236 | 42.4154 |
| July | 42.5966 | 42.0409 | 42.3724 |
| August | 42.6975 | 42.1023 | 42.4291 |
| September | 42.6613 | 42.3164 | 42.4336 |
| October | 42.7927 | 42.3277 | 42.5340 |
| November | 42.9943 | 42.2664 | 42.6826 |
| December | 42.9692 | 42.3732 | 42.6156 |