2023 JOD to BWP Historical Review

YEARLY HIGH

19.5253 BWP

YEARLY LOW

17.8086 BWP

YEARLY AVERAGE

18.8295 BWP

2023 JOD to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 9, valuing the pair at 19.5253. Conversely, the yearly low was recorded on January 15, dropping to 17.8086.

This high-to-low spread represents a total annual volatility of 1.7167 BWP. From a start-to-finish perspective, comparing the January average rate of 18.0062 to the December average rate of 19.0380, the exchange rate registered a net change of 5.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.5253 was up 2.35% compared to the 2022 peak of 19.0774, 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 97,626 BWP

2022 Average 87,239 BWP

Yearly Trough Low 89,043 BWP

Transaction Impact: A difference of 8,583.64 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.4967

17.8707

JanuMarcMayJulySeptNove

JOD to BWP 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 18.5861, compared to 19.0729 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4868 points.

H1 Avg (Jan–Jun) 18.5861

H2 Avg (Jul–Dec) 19.0729

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.8986 BWP (High: 19.4382 / Low: 18.5396). On the other end, October was the most stable month, with a tight range of 0.3091 BWP (High: 19.5253 / Low: 19.2162).

May Spread (Volatile) ±0.8986

October Spread (Stable) ±0.3091

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.3070 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 19.3612) against the same month in 2022 (average: 18.8656), the exchange rate shifted by +0.4956 (+2.63%).

2023 Avg (October) 19.3612

2022 Avg (October) 18.8656

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.1848	17.8086	18.0062
February	18.7788	17.8881	18.4427
March	18.9045	18.3391	18.6312
April	18.6690	18.3391	18.5014
May	19.4382	18.5396	18.9863
June	19.4387	18.6526	18.9486
July	19.1291	18.3228	18.6676
August	19.2641	18.6583	19.0587
September	19.4268	19.0730	19.2576
October	19.5253	19.2162	19.3612
November	19.2362	18.8194	19.0541
December	19.3301	18.8540	19.0380