2023 SBD to JMD Historical Review

YEARLY HIGH

19.0230 JMD

YEARLY LOW

18.1303 JMD

YEARLY AVERAGE

18.4619 JMD

2023 SBD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SBD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 19.0230. Conversely, the yearly low was recorded on April 30, dropping to 18.1303.

This high-to-low spread represents a total annual volatility of 0.8927 JMD. From a start-to-finish perspective, comparing the January average rate of 18.4982 to the December average rate of 18.3646, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.0230 was down 2.68% compared to the 2022 peak of 19.5463, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 95,115 JMD

2022 Average 94,280 JMD

Yearly Trough Low 90,652 JMD

Transaction Impact: A difference of 4,463.36 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.7724

18.3084

JanuMarcMayJulySeptNove

SBD 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 18.5131, compared to 18.4107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1024 points.

H1 Avg (Jan–Jun) 18.5131

H2 Avg (Jul–Dec) 18.4107

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.4849 JMD (High: 18.7278 / Low: 18.2429). On the other end, June was the most stable month, with a tight range of 0.2097 JMD (High: 18.6130 / Low: 18.4034).

January Spread (Volatile) ±0.4849

June Spread (Stable) ±0.2097

Growth Streaks & Declines

Trends

Between April and June, 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 February and March, when the average rate fell by 0.2753 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2753

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 18.7338) against the same month in 2022 (average: 19.3308), the exchange rate shifted by -0.5970 (-3.09%).

2023 Avg (February) 18.7338

2022 Avg (February) 19.3308

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.7278	18.2429	18.4982
February	19.0230	18.5664	18.7338
March	18.6966	18.2417	18.4584
April	18.4873	18.1303	18.3471
May	18.6344	18.3873	18.5073
June	18.6130	18.4034	18.5337
July	18.5323	18.1860	18.4392
August	18.6064	18.3380	18.4756
September	18.5279	18.2921	18.3981
October	18.5279	18.2167	18.3742
November	18.6307	18.2233	18.4124
December	18.4599	18.2251	18.3646