2023 JOD to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JOD to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JOD to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 534.6226. Conversely, the yearly low was recorded on July 17, dropping to 469.0889.
This high-to-low spread represents a total annual volatility of 65.5337 HUF. From a start-to-finish perspective, comparing the January average rate of 515.9838 to the December average rate of 492.7400, the exchange rate registered a net change of -4.50% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 534.6226 was down 14.89% compared to the 2022 peak of 628.1241, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JOD to HUF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 496.2233, compared to 499.0872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8639 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 36.3788 HUF (High: 527.8330 / Low: 491.4542). On the other end, June was the most stable month, with a tight range of 13.5269 HUF (High: 487.7856 / Low: 474.2587).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 24.0675 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 515.9838) against the same month in 2022 (average: 447.3223), the exchange rate shifted by +68.6615 (+15.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 534.6226 | 499.7295 | 515.9838 |
| February | 518.5163 | 495.9009 | 506.5476 |
| March | 527.8330 | 491.4542 | 506.9502 |
| April | 496.8338 | 476.8703 | 482.8827 |
| May | 491.3742 | 474.5113 | 483.1206 |
| June | 487.7856 | 474.2587 | 481.8550 |
| July | 499.2670 | 469.0889 | 483.7466 |
| August | 507.1867 | 490.5147 | 498.5359 |
| September | 526.5030 | 500.3609 | 511.0431 |
| October | 524.8102 | 504.4057 | 514.4451 |
| November | 510.6649 | 483.2355 | 494.0124 |
| December | 501.8489 | 485.0728 | 492.7400 |