2023 JOD to INR Historical Review

YEARLY HIGH

117.6633 INR

YEARLY LOW

114.1122 INR

YEARLY AVERAGE

116.4248 INR

2023 JOD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 117.6633. Conversely, the yearly low was recorded on January 22, dropping to 114.1122.

This high-to-low spread represents a total annual volatility of 3.5511 INR. From a start-to-finish perspective, comparing the January average rate of 115.2004 to the December average rate of 117.3385, the exchange rate registered a net change of 1.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 117.6633 was up 0.51% compared to the 2022 peak of 117.0623, 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 588,317 INR

2022 Average 554,266 INR

Yearly Trough Low 570,561 INR

Transaction Impact: A difference of 17,755.38 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

117.6064

114.9817

JanuMarcMayJulySeptNove

JOD to INR 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 115.8289, compared to 117.0208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1919 points.

H1 Avg (Jan–Jun) 115.8289

H2 Avg (Jul–Dec) 117.0208

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.5508 INR (High: 116.6631 / Low: 114.1122). On the other end, November was the most stable month, with a tight range of 0.4811 INR (High: 117.5307 / Low: 117.0496).

January Spread (Volatile) ±2.5508

November Spread (Stable) ±0.4811

Growth Streaks & Declines

Trends

Between June and November, 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 February and March, when the average rate fell by 0.5573 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5573

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 117.0031) against the same month in 2022 (average: 112.2400), the exchange rate shifted by +4.7631 (+4.24%).

2023 Avg (August) 117.0031

2022 Avg (August) 112.2400

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	116.6631	114.1122	115.2004
February	116.9065	115.1826	116.4684
March	116.5670	115.1857	115.9111
April	116.0713	115.1571	115.5270
May	116.8499	115.1746	116.0328
June	116.4623	115.4592	115.8335
July	116.6742	115.3943	115.8936
August	117.6633	116.1963	117.0031
September	117.5956	116.8251	117.1897
October	117.6040	117.0167	117.3122
November	117.5307	117.0496	117.3877
December	117.6090	116.8138	117.3385