2023 JOD to BOB Historical Review

YEARLY HIGH

9.8312 BOB

YEARLY LOW

9.5974 BOB

YEARLY AVERAGE

9.7398 BOB

2023 JOD to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 9.8312. Conversely, the yearly low was recorded on March 19, dropping to 9.5974.

This high-to-low spread represents a total annual volatility of 0.2338 BOB. From a start-to-finish perspective, comparing the January average rate of 9.7404 to the December average rate of 9.7512, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.8312 was up 0.03% compared to the 2022 peak of 9.8279, 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 49,156 BOB

2022 Average 48,605 BOB

Yearly Trough Low 47,987 BOB

Transaction Impact: A difference of 1,168.96 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.7630

9.7224

JanuMarcMayJulySeptNove

JOD to BOB 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 9.7368, compared to 9.7428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 9.7368

H2 Avg (Jul–Dec) 9.7428

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1727 BOB (High: 9.7702 / Low: 9.5974). On the other end, January was the most stable month, with a tight range of 0.0414 BOB (High: 9.7506 / Low: 9.7092).

March Spread (Volatile) ±0.1727

January Spread (Stable) ±0.0414

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0156 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0156

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 9.7408) against the same month in 2022 (average: 9.7062), the exchange rate shifted by +0.0346 (+0.36%).

2023 Avg (February) 9.7408

2022 Avg (February) 9.7062

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7506	9.7092	9.7404
February	9.8312	9.6776	9.7408
March	9.7702	9.5974	9.7258
April	9.7844	9.6736	9.7391
May	9.7580	9.7107	9.7358
June	9.7788	9.6794	9.7389
July	9.7929	9.6485	9.7341
August	9.8001	9.6898	9.7596
September	9.7736	9.7085	9.7487
October	9.7588	9.6949	9.7330
November	9.7509	9.6620	9.7301
December	9.7930	9.7345	9.7512