2023 JOD to DKK Historical Review

YEARLY HIGH

10.0426 DKK

YEARLY LOW

9.3451 DKK

YEARLY AVERAGE

9.7154 DKK

2023 JOD to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 10.0426. Conversely, the yearly low was recorded on July 17, dropping to 9.3451.

This high-to-low spread represents a total annual volatility of 0.6975 DKK. From a start-to-finish perspective, comparing the January average rate of 9.7235 to the December average rate of 9.6250, the exchange rate registered a net change of -1.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.0426 was down 8.13% compared to the 2022 peak of 10.9312, 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 50,213 DKK

2022 Average 49,899 DKK

Yearly Trough Low 46,726 DKK

Transaction Impact: A difference of 3,487.33 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.9992

9.4578

JanuMarcMayJulySeptNove

JOD to DKK 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 9.7126, compared to 9.7181 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 9.7126

H2 Avg (Jul–Dec) 9.7181

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.4285 DKK (High: 9.9507 / Low: 9.5222). On the other end, October was the most stable month, with a tight range of 0.1812 DKK (High: 10.0426 / Low: 9.8614).

February Spread (Volatile) ±0.4285

October Spread (Stable) ±0.1812

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 0.2350 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2350

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 9.9541) against the same month in 2022 (average: 10.6676), the exchange rate shifted by -0.7135 (-6.69%).

2023 Avg (October) 9.9541

2022 Avg (October) 10.6676

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.9657	9.6039	9.7235
February	9.9507	9.5222	9.8110
March	9.9467	9.6291	9.8029
April	9.7199	9.5026	9.5843
May	9.8181	9.4894	9.6674
June	9.8187	9.5522	9.6865
July	9.6724	9.3451	9.5029
August	9.7520	9.5575	9.6501
September	9.9987	9.7540	9.8573
October	10.0426	9.8614	9.9541
November	9.9394	9.5456	9.7191
December	9.7634	9.4577	9.6250