2023 SEK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SEK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SEK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 15.5888. Conversely, the yearly low was recorded on October 28, dropping to 13.7902.
This high-to-low spread represents a total annual volatility of 1.7985 JMD. From a start-to-finish perspective, comparing the January average rate of 14.7151 to the December average rate of 15.1675, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.5888 was down 10.08% compared to the 2022 peak of 17.3368, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SEK 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 14.6154, compared to 14.4405 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1748 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 1.1550 JMD (High: 15.0435 / Low: 13.8885). On the other end, June was the most stable month, with a tight range of 0.3649 JMD (High: 14.5723 / Low: 14.2074).
Growth Streaks & Declines
TrendsBetween September and December, 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 July and August, when the average rate fell by 0.3855 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 15.1675) against the same month in 2022 (average: 14.7466), the exchange rate shifted by +0.4209 (+2.85%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.1050 | 14.2258 | 14.7151 |
| February | 14.9147 | 14.5005 | 14.7517 |
| March | 14.6766 | 14.0588 | 14.4559 |
| April | 14.9200 | 14.4197 | 14.7042 |
| May | 15.1748 | 14.1586 | 14.7094 |
| June | 14.5723 | 14.2074 | 14.3558 |
| July | 15.1754 | 14.0434 | 14.6590 |
| August | 14.6213 | 13.9886 | 14.2735 |
| September | 14.2246 | 13.8056 | 13.9328 |
| October | 14.2403 | 13.7902 | 14.0559 |
| November | 15.0435 | 13.8885 | 14.5543 |
| December | 15.5888 | 14.7895 | 15.1675 |