2023 JOD to CVE Historical Review

YEARLY HIGH

148.6332 CVE

YEARLY LOW

138.1284 CVE

YEARLY AVERAGE

143.9524 CVE

2023 JOD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 148.6332. Conversely, the yearly low was recorded on July 18, dropping to 138.1284.

This high-to-low spread represents a total annual volatility of 10.5048 CVE. From a start-to-finish perspective, comparing the January average rate of 144.4643 to the December average rate of 142.6081, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 148.6332 was down 9.83% compared to the 2022 peak of 164.8449, 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 743,166 CVE

2022 Average 741,241 CVE

Yearly Trough Low 690,642 CVE

Transaction Impact: A difference of 52,523.79 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

147.9230

140.1150

JanuMarcMayJulySeptNove

JOD to CVE 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 144.0150, compared to 143.8898 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1252 points.

H1 Avg (Jan–Jun) 144.0150

H2 Avg (Jul–Dec) 143.8898

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 6.2303 CVE (High: 147.9628 / Low: 141.7324). On the other end, October was the most stable month, with a tight range of 2.4033 CVE (High: 148.6332 / Low: 146.2298).

November Spread (Volatile) ±6.2303

October Spread (Stable) ±2.4033

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 March and April, when the average rate fell by 3.3168 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.3168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 147.2723) against the same month in 2022 (average: 159.0138), the exchange rate shifted by -11.7415 (-7.38%).

2023 Avg (October) 147.2723

2022 Avg (October) 159.0138

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	147.8288	142.9537	144.4643
February	147.1507	142.2120	145.2758
March	147.4877	142.7416	145.2698
April	143.2478	139.9874	141.9530
May	145.5955	141.1497	143.2935
June	147.7305	142.0658	143.8334
July	143.3253	138.1284	140.7657
August	144.2519	141.2051	142.8108
September	147.6357	143.5752	145.7349
October	148.6332	146.2298	147.2723
November	147.9628	141.7324	144.1467
December	145.7217	140.2985	142.6081