2023 SAR to JMD Historical Review

YEARLY HIGH

41.7499 JMD

YEARLY LOW

39.8203 JMD

YEARLY AVERAGE

41.0667 JMD

2023 SAR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 41.7499. Conversely, the yearly low was recorded on March 19, dropping to 39.8203.

This high-to-low spread represents a total annual volatility of 1.9296 JMD. From a start-to-finish perspective, comparing the January average rate of 40.6994 to the December average rate of 41.4069, the exchange rate registered a net change of 1.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 41.7499 was down 0.75% compared to the 2022 peak of 42.0635, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 208,749 JMD

2022 Average 204,307 JMD

Yearly Trough Low 199,101 JMD

Transaction Impact: A difference of 9,647.83 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.5188

40.3593

JanuMarcMayJulySeptNove

SAR 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 40.8519, compared to 41.2815 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4295 points.

H1 Avg (Jan–Jun) 40.8519

H2 Avg (Jul–Dec) 41.2815

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.2191 JMD (High: 41.0393 / Low: 39.8203). On the other end, September was the most stable month, with a tight range of 0.3205 JMD (High: 41.4155 / Low: 41.0950).

March Spread (Volatile) ±1.2191

September Spread (Stable) ±0.3205

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 0.6592 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6592

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 41.4222) against the same month in 2022 (average: 40.8838), the exchange rate shifted by +0.5384 (+1.32%).

2023 Avg (November) 41.4222

2022 Avg (November) 40.8838

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.0618	40.1641	40.6994
February	41.5532	40.8398	41.1151
March	41.0393	39.8203	40.4559
April	40.9404	40.1258	40.5588
May	41.4071	40.7287	41.0900
June	41.3920	40.8861	41.1924
July	41.2802	40.8107	41.1255
August	41.5022	40.9127	41.2188
September	41.4155	41.0950	41.2039
October	41.5341	41.1485	41.3115
November	41.7499	41.1213	41.4222
December	41.7058	41.2021	41.4069