YEARLY HIGH
1.6871 JMD
YEARLY LOW
1.5329 JMD
YEARLY AVERAGE
1.6097 JMD

2021 CVE to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 1.6871. Conversely, the yearly low was recorded on October 3, dropping to 1.5329.

This high-to-low spread represents a total annual volatility of 0.1542 JMD. From a start-to-finish perspective, comparing the January average rate of 1.5849 to the December average rate of 1.5754, the exchange rate registered a net change of -0.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.6871 was up 3.77% compared to the 2020 peak of 1.6258, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,436 JMD
2020 Average 7,315 JMD
Yearly Trough Low 7,664 JMD
Transaction Impact: A difference of 771.14 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.6599
1.5677
JanuMarcMayJulySeptNove

CVE 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 1.6163, compared to 1.6032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0130 points.

H1 Avg (Jan–Jun) 1.6163
H2 Avg (Jul–Dec) 1.6032

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.1340 JMD (High: 1.6836 / Low: 1.5496). On the other end, December was the most stable month, with a tight range of 0.0258 JMD (High: 1.5921 / Low: 1.5663).

April Spread (Volatile) ±0.1340
December Spread (Stable) ±0.0258

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 0.0522 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0522

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 1.6522) against the same month in 2020 (average: 1.4235), the exchange rate shifted by +0.2287 (+16.06%).

2021 Avg (May) 1.6522
2020 Avg (May) 1.4235

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.6066 1.5677 1.5849
February 1.6608 1.5990 1.6359
March 1.6433 1.5410 1.5838
April 1.6836 1.5496 1.6146
May 1.6871 1.6342 1.6522
June 1.6501 1.5658 1.6261
July 1.6642 1.5912 1.6314
August 1.6640 1.6139 1.6410
September 1.6265 1.5454 1.5912
October 1.6237 1.5329 1.5760
November 1.6295 1.5784 1.6043
December 1.5921 1.5663 1.5754