2023 JOD to AZN Historical Review

YEARLY HIGH

2.4043 AZN

YEARLY LOW

2.3940 AZN

YEARLY AVERAGE

2.3971 AZN

2023 JOD to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 2.4043. Conversely, the yearly low was recorded on March 13, dropping to 2.3940.

This high-to-low spread represents a total annual volatility of 0.0103 AZN. From a start-to-finish perspective, comparing the January average rate of 2.3963 to the December average rate of 2.3963, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4043 was up 0.28% compared to the 2022 peak of 2.3977, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,022 AZN

2022 Average 11,988 AZN

Yearly Trough Low 11,970 AZN

Transaction Impact: A difference of 51.56 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4016

2.3957

JanuMarcMayJulySeptNove

JOD to AZN 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 2.3964, compared to 2.3978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 2.3964

H2 Avg (Jul–Dec) 2.3978

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0100 AZN (High: 2.4040 / Low: 2.3940). On the other end, April was the most stable month, with a tight range of 0.0003 AZN (High: 2.3967 / Low: 2.3964).

March Spread (Volatile) ±0.0100

April Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0027 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.3971) against the same month in 2022 (average: 2.3976), the exchange rate shifted by -0.0004 (-0.02%).

2023 Avg (November) 2.3971

2022 Avg (November) 2.3976

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3967	2.3947	2.3963
February	2.3964	2.3944	2.3962
March	2.4040	2.3940	2.3965
April	2.3967	2.3964	2.3965
May	2.3967	2.3961	2.3962
June	2.4037	2.3961	2.3966
July	2.4037	2.3961	2.3973
August	2.4018	2.4001	2.4011
September	2.4011	2.3950	2.3989
October	2.3971	2.3954	2.3963
November	2.4043	2.3954	2.3971
December	2.3967	2.3957	2.3963