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2021 JOD to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the JOD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 2830.9842. Conversely, the yearly low was recorded on January 30, dropping to 2737.2217.
This high-to-low spread represents a total annual volatility of 93.7625 BIF. From a start-to-finish perspective, comparing the January average rate of 2745.8412 to the December average rate of 2817.6046, the exchange rate registered a net change of 2.61% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 2830.9842 was up 3.04% compared to the 2020 peak of 2747.4234, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
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JOD to BIF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 2763.1684, compared to 2806.3104 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 43.1420 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 36.6817 BIF (High: 2776.4457 / Low: 2739.7640). On the other end, November was the most stable month, with a tight range of 11.7110 BIF (High: 2818.0536 / Low: 2806.3426).
Growth Streaks & Declines
TrendsBetween April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.0653 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 2817.6046) against the same month in 2020 (average: 2740.0456), the exchange rate shifted by +77.5590 (+2.83%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 2764.4570 | 2737.2217 | 2745.8412 |
| February | 2768.6009 | 2738.7379 | 2751.7329 |
| March | 2771.5092 | 2741.8583 | 2757.7449 |
| April | 2776.4457 | 2739.7640 | 2755.6796 |
| May | 2788.9347 | 2754.8448 | 2777.2913 |
| June | 2799.7179 | 2785.6135 | 2790.7203 |
| July | 2802.5388 | 2787.5043 | 2795.3252 |
| August | 2806.1516 | 2794.4056 | 2798.0983 |
| September | 2813.8223 | 2799.5315 | 2805.0779 |
| October | 2822.2849 | 2799.3722 | 2810.1716 |
| November | 2818.0536 | 2806.3426 | 2811.5845 |
| December | 2830.9842 | 2803.3879 | 2817.6046 |