2023 SYP to JMD Historical Review

YEARLY HIGH

0.0623 JMD

YEARLY LOW

0.0595 JMD

YEARLY AVERAGE

0.0613 JMD

2023 SYP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 0.0623. Conversely, the yearly low was recorded on March 19, dropping to 0.0595.

This high-to-low spread represents a total annual volatility of 0.0028 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0608 to the December average rate of 0.0618, the exchange rate registered a net change of 1.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0623 was down 0.78% compared to the 2022 peak of 0.0628, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 312 JMD

2022 Average 305 JMD

Yearly Trough Low 298 JMD

Transaction Impact: A difference of 13.97 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0620

0.0603

JanuMarcMayJulySeptNove

SYP 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 0.0610, compared to 0.0616 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0610

H2 Avg (Jul–Dec) 0.0616

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0018 JMD (High: 0.0613 / Low: 0.0595). On the other end, September was the most stable month, with a tight range of 0.0005 JMD (High: 0.0618 / Low: 0.0613).

March Spread (Volatile) ±0.0018

September Spread (Stable) ±0.0005

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 0.0009 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0618) against the same month in 2022 (average: 0.0612), the exchange rate shifted by +0.0007 (+1.09%).

2023 Avg (November) 0.0618

2022 Avg (November) 0.0612

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0614	0.0601	0.0608
February	0.0621	0.0610	0.0614
March	0.0613	0.0595	0.0605
April	0.0611	0.0599	0.0606
May	0.0618	0.0608	0.0613
June	0.0618	0.0610	0.0615
July	0.0616	0.0609	0.0614
August	0.0620	0.0611	0.0615
September	0.0618	0.0613	0.0615
October	0.0620	0.0614	0.0617
November	0.0623	0.0612	0.0618
December	0.0623	0.0615	0.0618