2023 JOD to IRR Historical Review

YEARLY HIGH

59807.9367 IRR

YEARLY LOW

58639.4366 IRR

YEARLY AVERAGE

59529.0443 IRR

2023 JOD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 59807.9367. Conversely, the yearly low was recorded on February 19, dropping to 58639.4366.

This high-to-low spread represents a total annual volatility of 1168.5001 IRR. From a start-to-finish perspective, comparing the January average rate of 59112.0687 to the December average rate of 59526.8269, the exchange rate registered a net change of 0.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 59807.9367 was down 0.11% compared to the 2022 peak of 59873.0606, 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 299,039,684 IRR

2022 Average 298,053,048 IRR

Yearly Trough Low 293,197,183 IRR

Transaction Impact: A difference of 5,842,500.56 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

59776.5851

59051.6582

JanuMarcMayJulySeptNove

JOD to IRR 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 59465.0033, compared to 59593.0853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 128.0821 points.

H1 Avg (Jan–Jun) 59465.0033

H2 Avg (Jul–Dec) 59593.0853

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1058.9000 IRR (High: 59698.3366 / Low: 58639.4366). On the other end, April was the most stable month, with a tight range of 43.6427 IRR (High: 59601.0151 / Low: 59557.3724).

February Spread (Volatile) ±1058.9000

April Spread (Stable) ±43.6427

Growth Streaks & Declines

Trends

Between March and June, 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 August and September, when the average rate fell by 92.1403 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -92.1403

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 59565.6044) against the same month in 2022 (average: 59725.1923), the exchange rate shifted by -159.5879 (-0.27%).

2023 Avg (July) 59565.6044

2022 Avg (July) 59725.1923

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59495.2770	58672.4915	59112.0687
February	59698.3366	58639.4366	59507.2539
March	59592.6135	58689.0330	59426.5470
April	59601.0151	59557.3724	59570.7989
May	59654.6864	59548.9782	59582.6912
June	59671.5071	59548.9782	59590.6598
July	59807.9367	59226.1384	59565.6044
August	59797.9655	59658.2886	59716.1746
September	59702.0195	59506.1989	59624.0343
October	59583.3921	59514.5836	59554.3975
November	59601.0151	59522.1314	59571.4744
December	59601.0151	59212.9369	59526.8269