YEARLY HIGH
1.8900 JMD
YEARLY LOW
1.8209 JMD
YEARLY AVERAGE
1.8664 JMD

2023 BTN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 20, valuing the pair at 1.8900. Conversely, the yearly low was recorded on January 3, dropping to 1.8209.

This high-to-low spread represents a total annual volatility of 0.0691 JMD. From a start-to-finish perspective, comparing the January average rate of 1.8685 to the December average rate of 1.8641, the exchange rate registered a net change of -0.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.8900 was down 9.98% compared to the 2022 peak of 2.0995, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,450 JMD
2022 Average 9,776 JMD
Yearly Trough Low 9,104 JMD
Transaction Impact: A difference of 345.71 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.8829
1.8446
JanuMarcMayJulySeptNove

BTN 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 1.8657, compared to 1.8671 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 1.8657
H2 Avg (Jul–Dec) 1.8671

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0691 JMD (High: 1.8900 / Low: 1.8209). On the other end, September was the most stable month, with a tight range of 0.0122 JMD (High: 1.8677 / Low: 1.8555).

January Spread (Volatile) ±0.0691
September Spread (Stable) ±0.0122

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 0.0197 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0197

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.8685) against the same month in 2022 (average: 2.0824), the exchange rate shifted by -0.2138 (-10.27%).

2023 Avg (January) 1.8685
2022 Avg (January) 2.0824

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.8900 1.8209 1.8685
February 1.8881 1.8573 1.8675
March 1.8772 1.8254 1.8478
April 1.8772 1.8281 1.8578
May 1.8853 1.8610 1.8728
June 1.8876 1.8699 1.8797
July 1.8875 1.8601 1.8788
August 1.8826 1.8523 1.8672
September 1.8677 1.8555 1.8618
October 1.8708 1.8560 1.8635
November 1.8795 1.8568 1.8671
December 1.8748 1.8558 1.8641