2023 JOD to IDR Historical Review

YEARLY HIGH

22455.0372 IDR

YEARLY LOW

20679.6513 IDR

YEARLY AVERAGE

21489.7062 IDR

2023 JOD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 22455.0372. Conversely, the yearly low was recorded on April 30, dropping to 20679.6513.

This high-to-low spread represents a total annual volatility of 1775.3859 IDR. From a start-to-finish perspective, comparing the January average rate of 21486.3665 to the December average rate of 21824.3894, the exchange rate registered a net change of 1.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22455.0372 was up 0.83% compared to the 2022 peak of 22270.8039, 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 112,275,186 IDR

2022 Average 104,719,121 IDR

Yearly Trough Low 103,398,256 IDR

Transaction Impact: A difference of 8,876,929.58 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22343.8319

20797.2765

JanuMarcMayJulySeptNove

JOD to IDR 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 21230.4767, compared to 21748.9356 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 518.4589 points.

H1 Avg (Jan–Jun) 21230.4767

H2 Avg (Jul–Dec) 21748.9356

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 969.5474 IDR (High: 22032.2854 / Low: 21062.7379). On the other end, June was the most stable month, with a tight range of 321.8316 IDR (High: 21240.9900 / Low: 20919.1584).

January Spread (Volatile) ±969.5474

June Spread (Stable) ±321.8316

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 596.4151 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -596.4151

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 22214.9523) against the same month in 2022 (average: 21767.3866), the exchange rate shifted by +447.5656 (+2.06%).

2023 Avg (October) 22214.9523

2022 Avg (October) 21767.3866

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22032.2854	21062.7379	21486.3665
February	21518.3958	20997.2033	21375.8853
March	21863.4481	21100.4370	21560.7937
April	21147.0984	20679.6513	20964.3786
May	21153.0655	20683.2960	20926.1561
June	21240.9900	20919.1584	21069.2802
July	21421.4320	21053.0025	21234.1771
August	21716.1844	21373.8563	21562.4650
September	21944.2096	21514.0261	21696.6863
October	22455.0372	21780.5481	22214.9523
November	22424.8459	21628.1527	21960.9438
December	22070.1778	21652.1004	21824.3894