YEARLY HIGH
0.1946 JMD
YEARLY LOW
0.1795 JMD
YEARLY AVERAGE
0.1884 JMD

2021 MWK to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MWK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 0.1946. Conversely, the yearly low was recorded on October 3, dropping to 0.1795.

This high-to-low spread represents a total annual volatility of 0.0151 JMD. From a start-to-finish perspective, comparing the January average rate of 0.1865 to the December average rate of 0.1894, the exchange rate registered a net change of 1.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1946 was down 3.36% compared to the 2020 peak of 0.2014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 973 JMD
2020 Average 954 JMD
Yearly Trough Low 897 JMD
Transaction Impact: A difference of 75.60 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1934
0.1828
JanuMarcMayJulySeptNove

MWK 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 0.1891, compared to 0.1877 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.1891
H2 Avg (Jul–Dec) 0.1877

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.0099 JMD (High: 0.1894 / Low: 0.1795). On the other end, November was the most stable month, with a tight range of 0.0019 JMD (High: 0.1913 / Low: 0.1894).

October Spread (Volatile) ±0.0099
November Spread (Stable) ±0.0019

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 August and September, when the average rate fell by 0.0057 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.1901) against the same month in 2020 (average: 0.1960), the exchange rate shifted by -0.0059 (-3.02%).

2021 Avg (May) 0.1901
2020 Avg (May) 0.1960

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1900 0.1841 0.1865
February 0.1946 0.1895 0.1925
March 0.1935 0.1842 0.1884
April 0.1941 0.1854 0.1900
May 0.1946 0.1869 0.1901
June 0.1892 0.1859 0.1871
July 0.1924 0.1849 0.1892
August 0.1914 0.1864 0.1894
September 0.1863 0.1806 0.1837
October 0.1894 0.1795 0.1842
November 0.1913 0.1894 0.1906
December 0.1906 0.1873 0.1894