2023 RON to JMD Historical Review

YEARLY HIGH

35.1743 JMD

YEARLY LOW

32.2894 JMD

YEARLY AVERAGE

33.6888 JMD

2023 RON to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 35.1743. Conversely, the yearly low was recorded on January 3, dropping to 32.2894.

This high-to-low spread represents a total annual volatility of 2.8849 JMD. From a start-to-finish perspective, comparing the January average rate of 33.4732 to the December average rate of 34.1267, the exchange rate registered a net change of 1.95% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.1743 was down 3.11% compared to the 2022 peak of 36.3047, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 175,872 JMD

2022 Average 163,996 JMD

Yearly Trough Low 161,447 JMD

Transaction Impact: A difference of 14,424.65 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.6782

32.8014

JanuMarcMayJulySeptNove

RON 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 33.5824, compared to 33.7952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2129 points.

H1 Avg (Jan–Jun) 33.5824

H2 Avg (Jul–Dec) 33.7952

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.1044 JMD (High: 34.3938 / Low: 32.2894). On the other end, October was the most stable month, with a tight range of 0.6095 JMD (High: 33.2003 / Low: 32.5908).

January Spread (Volatile) ±2.1044

October Spread (Stable) ±0.6095

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.9055 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 34.5218) against the same month in 2022 (average: 31.3088), the exchange rate shifted by +3.2130 (+10.26%).

2023 Avg (July) 34.5218

2022 Avg (July) 31.3088

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.3938	32.2894	33.4732
February	34.3788	32.9900	33.6280
March	33.4174	32.4114	33.0143
April	34.3365	32.9042	33.7827
May	34.4447	33.2421	33.8295
June	34.1262	33.3516	33.7666
July	35.1743	33.6972	34.5218
August	34.5316	33.6788	34.1291
September	33.6983	32.6827	33.2236
October	33.2003	32.5908	32.9578
November	34.3481	33.0213	33.8125
December	34.6062	33.6928	34.1267