2023 SGD to JMD Historical Review

YEARLY HIGH

117.6694 JMD

YEARLY LOW

111.5057 JMD

YEARLY AVERAGE

114.7353 JMD

2023 SGD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 117.6694. Conversely, the yearly low was recorded on March 18, dropping to 111.5057.

This high-to-low spread represents a total annual volatility of 6.1637 JMD. From a start-to-finish perspective, comparing the January average rate of 115.4189 to the December average rate of 116.6623, the exchange rate registered a net change of 1.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 117.6694 was up 0.44% compared to the 2022 peak of 117.1517, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 588,347 JMD

2022 Average 556,682 JMD

Yearly Trough Low 557,529 JMD

Transaction Impact: A difference of 30,818.41 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

117.0091

112.8474

JanuMarcMayJulySeptNove

SGD 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 114.7326, compared to 114.7380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 114.7326

H2 Avg (Jul–Dec) 114.7380

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.1468 JMD (High: 117.3810 / Low: 112.2342). On the other end, October was the most stable month, with a tight range of 1.0468 JMD (High: 113.7087 / Low: 112.6619).

January Spread (Volatile) ±5.1468

October Spread (Stable) ±1.0468

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 February and March, when the average rate fell by 2.4260 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.4260

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 115.7110) against the same month in 2022 (average: 116.0461), the exchange rate shifted by -0.3351 (-0.29%).

2023 Avg (February) 115.7110

2022 Avg (February) 116.0461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	117.3810	112.2342	115.4189
February	117.6694	113.9634	115.7110
March	114.3027	111.5057	113.2850
April	115.0406	112.9256	114.2212
May	116.5989	113.7586	115.0093
June	115.6068	113.4534	114.7501
July	116.9888	113.2653	115.5509
August	116.0652	113.4456	114.4462
September	114.0320	112.7307	113.3517
October	113.7087	112.6619	113.1943
November	116.7639	113.3639	115.2225
December	117.6084	115.6356	116.6623