2023 TOP to JMD Historical Review

YEARLY HIGH

67.4469 JMD

YEARLY LOW

63.3817 JMD

YEARLY AVERAGE

65.2305 JMD

2023 TOP to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 67.4469. Conversely, the yearly low was recorded on March 19, dropping to 63.3817.

This high-to-low spread represents a total annual volatility of 4.0653 JMD. From a start-to-finish perspective, comparing the January average rate of 65.6284 to the December average rate of 66.0973, the exchange rate registered a net change of 0.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 67.4469 was down 3.31% compared to the 2022 peak of 69.7562, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 337,235 JMD

2022 Average 329,338 JMD

Yearly Trough Low 316,908 JMD

Transaction Impact: A difference of 20,326.25 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

66.2666

64.2349

JanuMarcMayJulySeptNove

TOP 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 65.2539, compared to 65.2072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0467 points.

H1 Avg (Jan–Jun) 65.2539

H2 Avg (Jul–Dec) 65.2072

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.4374 JMD (High: 66.6056 / Low: 64.1682). On the other end, September was the most stable month, with a tight range of 0.6730 JMD (High: 65.0082 / Low: 64.3353).

January Spread (Volatile) ±2.4374

September Spread (Stable) ±0.6730

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.5937 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.5937

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 65.9980) against the same month in 2022 (average: 68.9658), the exchange rate shifted by -2.9678 (-4.30%).

2023 Avg (February) 65.9980

2022 Avg (February) 68.9658

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	66.6056	64.1682	65.6284
February	67.4469	65.1115	65.9980
March	65.3088	63.3817	64.4043
April	65.0254	63.9398	64.6493
May	65.9855	64.6511	65.3273
June	66.1104	64.8902	65.5160
July	66.4709	64.6732	65.6931
August	66.0635	64.4326	65.0134
September	65.0082	64.3353	64.6305
October	65.1322	64.0363	64.6362
November	66.0156	64.1849	65.1726
December	66.5955	65.5570	66.0973