2023 JOD to BIF Historical Review

YEARLY HIGH

4032.3204 BIF

YEARLY LOW

2888.5154 BIF

YEARLY AVERAGE

3589.4522 BIF

2023 JOD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 4032.3204. Conversely, the yearly low was recorded on March 18, dropping to 2888.5154.

This high-to-low spread represents a total annual volatility of 1143.8051 BIF. From a start-to-finish perspective, comparing the January average rate of 2916.3372 to the December average rate of 4018.3472, the exchange rate registered a net change of 37.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4032.3204 was up 37.57% compared to the 2022 peak of 2931.1579, 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 20,161,602 BIF

2022 Average 14,400,394 BIF

Yearly Trough Low 14,442,577 BIF

Transaction Impact: A difference of 5,719,025.46 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4128.5482

2806.1362

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 3176.1056, compared to 4002.7987 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 826.6931 points.

H1 Avg (Jan–Jun) 3176.1056

H2 Avg (Jul–Dec) 4002.7987

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1052.1139 BIF (High: 3982.1151 / Low: 2930.0012). On the other end, January was the most stable month, with a tight range of 18.2915 BIF (High: 2923.9731 / Low: 2905.6817).

May Spread (Volatile) ±1052.1139

January Spread (Stable) ±18.2915

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.0849 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -1.0849

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 4018.3472) against the same month in 2022 (average: 2914.2593), the exchange rate shifted by +1104.0880 (+37.89%).

2023 Avg (December) 4018.3472

2022 Avg (December) 2914.2593

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2923.9731	2905.6817	2916.3372
February	2945.9176	2908.6601	2922.1903
March	2939.1035	2888.5154	2926.3382
April	2939.1035	2905.5603	2931.1858
May	3982.1151	2930.0012	3372.3918
June	4005.6378	3967.3634	3988.1905
July	4008.3169	3958.7247	3989.6861
August	4016.8374	3985.8458	4002.9063
September	4013.6967	3981.8216	4001.8748
October	4015.2263	3979.1141	4000.7899
November	4018.0460	3971.3278	4003.1880
December	4032.3204	4010.4314	4018.3472