YEARLY HIGH
0.0131 JOD
YEARLY LOW
0.0122 JOD
YEARLY AVERAGE
0.0127 JOD

2023 DOP to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the DOP to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.0131. Conversely, the yearly low was recorded on December 31, dropping to 0.0122.

This high-to-low spread represents a total annual volatility of 0.0009 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0125 to the December average rate of 0.0124, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0131 was down 2.26% compared to the 2022 peak of 0.0134, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66 JOD
2022 Average 65 JOD
Yearly Trough Low 61 JOD
Transaction Impact: A difference of 4.62 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0131
0.0123
JanuMarcMayJulySeptNove

DOP 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 0.0128, compared to 0.0125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0128
H2 Avg (Jul–Dec) 0.0125

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0004 JOD (High: 0.0131 / Low: 0.0128). On the other end, October was the most stable month, with a tight range of 0.0001 JOD (High: 0.0125 / Low: 0.0125).

March Spread (Volatile) ±0.0004
October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and May, 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 June and July, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0129) against the same month in 2022 (average: 0.0129), the exchange rate shifted by +0.0000 (+0.01%).

2023 Avg (March) 0.0129
2022 Avg (March) 0.0129

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0126 0.0125 0.0125
February 0.0128 0.0124 0.0126
March 0.0131 0.0128 0.0129
April 0.0131 0.0129 0.0130
May 0.0130 0.0129 0.0130
June 0.0130 0.0128 0.0129
July 0.0129 0.0126 0.0127
August 0.0126 0.0124 0.0125
September 0.0125 0.0124 0.0125
October 0.0125 0.0125 0.0125
November 0.0126 0.0124 0.0125
December 0.0125 0.0122 0.0124