2023 SCR to JMD Historical Review

YEARLY HIGH

12.1701 JMD

YEARLY LOW

10.7771 JMD

YEARLY AVERAGE

11.4696 JMD

2023 SCR to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 12.1701. Conversely, the yearly low was recorded on April 3, dropping to 10.7771.

This high-to-low spread represents a total annual volatility of 1.3931 JMD. From a start-to-finish perspective, comparing the January average rate of 11.2933 to the December average rate of 11.5647, the exchange rate registered a net change of 2.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.1701 was up 0.52% compared to the 2022 peak of 12.1066, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,851 JMD

2022 Average 56,654 JMD

Yearly Trough Low 53,885 JMD

Transaction Impact: A difference of 6,965.26 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.8131

11.2168

JanuMarcMayJulySeptNove

SCR 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 11.3228, compared to 11.6165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2937 points.

H1 Avg (Jan–Jun) 11.3228

H2 Avg (Jul–Dec) 11.6165

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.0531 JMD (High: 11.8687 / Low: 10.8156). On the other end, August was the most stable month, with a tight range of 0.4474 JMD (High: 11.7521 / Low: 11.3047).

July Spread (Volatile) ±1.0531

August Spread (Stable) ±0.4474

Growth Streaks & Declines

Trends

Between June and September, 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 May and June, when the average rate fell by 0.1412 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1412

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 11.6312) against the same month in 2022 (average: 11.4452), the exchange rate shifted by +0.1860 (+1.63%).

2023 Avg (October) 11.6312

2022 Avg (October) 11.4452

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.7197	10.8225	11.2933
February	11.8444	10.8796	11.3882
March	11.7002	10.8143	11.2911
April	11.8059	10.7771	11.2664
May	11.7251	10.9542	11.4195
June	11.7609	10.8793	11.2783
July	11.8687	10.8156	11.5462
August	11.7521	11.3047	11.5628
September	12.1595	11.3315	11.7634
October	12.1701	11.2397	11.6312
November	11.9385	11.3054	11.6304
December	12.0716	11.1076	11.5647