YEARLY HIGH
0.0021 JOD
YEARLY LOW
0.0019 JOD
YEARLY AVERAGE
0.0020 JOD

2023 HUF to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.0021. Conversely, the yearly low was recorded on January 3, dropping to 0.0019.

This high-to-low spread represents a total annual volatility of 0.0003 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0019 to the December average rate of 0.0020, the exchange rate registered a net change of 4.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0021 was down 7.21% compared to the 2022 peak of 0.0023, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 2,132 JOD
2022 Average 1,919 JOD
Yearly Trough Low 1,870 JOD
Transaction Impact: A difference of 261.31 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0021
0.0019
JanuMarcMayJulySeptNove

HUF 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 0.0020, compared to 0.0020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0020
H2 Avg (Jul–Dec) 0.0020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0001 JOD (High: 0.0020 / Low: 0.0019). On the other end, June was the most stable month, with a tight range of 0.0001 JOD (High: 0.0021 / Low: 0.0021).

March Spread (Volatile) ±0.0001
June Spread (Stable) ±0.0001

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 July and August, 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: 0.0021) against the same month in 2022 (average: 0.0018), the exchange rate shifted by +0.0003 (+15.18%).

2023 Avg (July) 0.0021
2022 Avg (July) 0.0018

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0020 0.0019 0.0019
February 0.0020 0.0019 0.0020
March 0.0020 0.0019 0.0020
April 0.0021 0.0020 0.0021
May 0.0021 0.0020 0.0021
June 0.0021 0.0021 0.0021
July 0.0021 0.0020 0.0021
August 0.0020 0.0020 0.0020
September 0.0020 0.0019 0.0020
October 0.0020 0.0019 0.0019
November 0.0021 0.0020 0.0020
December 0.0021 0.0020 0.0020