2023 CVE to JOD Historical Review

YEARLY HIGH

0.0072 JOD

YEARLY LOW

0.0067 JOD

YEARLY AVERAGE

0.0069 JOD

2023 CVE to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.0072. Conversely, the yearly low was recorded on October 3, dropping to 0.0067.

This high-to-low spread represents a total annual volatility of 0.0005 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0069 to the December average rate of 0.0070, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0072 was down 1.48% compared to the 2022 peak of 0.0073, 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 36 JOD

2022 Average 34 JOD

Yearly Trough Low 34 JOD

Transaction Impact: A difference of 2.56 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0071

0.0068

JanuMarcMayJulySeptNove

CVE to JOD 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 0.0069, compared to 0.0070 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0069

H2 Avg (Jul–Dec) 0.0070

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0003 JOD (High: 0.0071 / Low: 0.0068). On the other end, October was the most stable month, with a tight range of 0.0001 JOD (High: 0.0068 / Low: 0.0067).

November Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and April, 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 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0071) against the same month in 2022 (average: 0.0066), the exchange rate shifted by +0.0005 (+7.76%).

2023 Avg (July) 0.0071

2022 Avg (July) 0.0066

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0070	0.0068	0.0069
February	0.0070	0.0068	0.0069
March	0.0070	0.0068	0.0069
April	0.0071	0.0070	0.0070
May	0.0071	0.0069	0.0070
June	0.0070	0.0068	0.0070
July	0.0072	0.0070	0.0071
August	0.0071	0.0069	0.0070
September	0.0070	0.0068	0.0069
October	0.0068	0.0067	0.0068
November	0.0071	0.0068	0.0069
December	0.0071	0.0069	0.0070