YEARLY HIGH
23.4679 JMD
YEARLY LOW
17.1924 JMD
YEARLY AVERAGE
20.3636 JMD

2020 TRY to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TRY to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 23.4679. Conversely, the yearly low was recorded on November 2, dropping to 17.1924.

This high-to-low spread represents a total annual volatility of 6.2755 JMD. From a start-to-finish perspective, comparing the January average rate of 22.7126 to the December average rate of 18.6660, the exchange rate registered a net change of -17.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 23.4679 was down 10.79% compared to the 2019 peak of 26.3065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 1,173,395 JMD
2019 Average 1,176,253 JMD
Yearly Trough Low 859,622 JMD
Transaction Impact: A difference of 313,773.36 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

23.5456
17.6879
JanuMarcMayJulySeptNove

TRY 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 21.4434, compared to 19.2838 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1596 points.

H1 Avg (Jan–Jun) 21.4434
H2 Avg (Jul–Dec) 19.2838

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 2.3071 JMD (High: 19.4995 / Low: 17.1924). On the other end, April was the most stable month, with a tight range of 0.5485 JMD (High: 20.4107 / Low: 19.8622).

November Spread (Volatile) ±2.3071
April Spread (Stable) ±0.5485

Growth Streaks & Declines

Trends

Between October and December, 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 1.7405 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.7405

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 22.7126) against the same month in 2019 (average: 24.2734), the exchange rate shifted by -1.5608 (-6.43%).

2020 Avg (January) 22.7126
2019 Avg (January) 24.2734

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 23.4679 21.9352 22.7126
February 23.4559 21.9762 23.0575
March 22.2933 20.4938 21.3170
April 20.4107 19.8622 20.0779
May 21.6716 19.8646 20.8472
June 21.2574 20.3295 20.6482
July 21.3753 20.2854 20.8336
August 21.3258 20.1817 20.4822
September 20.1115 18.1238 19.0646
October 18.6235 17.4955 18.1760
November 19.4995 17.1924 18.4801
December 19.3410 18.2106 18.6660