2023 JOD to JMD Historical Review

YEARLY HIGH

220.7872 JMD

YEARLY LOW

210.7126 JMD

YEARLY AVERAGE

217.2294 JMD

2023 JOD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 220.7872. Conversely, the yearly low was recorded on March 19, dropping to 210.7126.

This high-to-low spread represents a total annual volatility of 10.0746 JMD. From a start-to-finish perspective, comparing the January average rate of 215.4936 to the December average rate of 218.9326, the exchange rate registered a net change of 1.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 220.7872 was down 0.81% compared to the 2022 peak of 222.5807, 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 1,103,936 JMD

2022 Average 1,081,898 JMD

Yearly Trough Low 1,053,563 JMD

Transaction Impact: A difference of 50,372.82 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

219.4786

213.6111

JanuMarcMayJulySeptNove

JOD to JMD 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 216.0758, compared to 218.3831 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3073 points.

H1 Avg (Jan–Jun) 216.0758

H2 Avg (Jul–Dec) 218.3831

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 6.4045 JMD (High: 217.1171 / Low: 210.7126). On the other end, September was the most stable month, with a tight range of 1.4075 JMD (High: 218.8979 / Low: 217.4904).

March Spread (Volatile) ±6.4045

September Spread (Stable) ±1.4075

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 February and March, when the average rate fell by 3.3076 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.3076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 218.9897) against the same month in 2022 (average: 216.7136), the exchange rate shifted by +2.2760 (+1.05%).

2023 Avg (November) 218.9897

2022 Avg (November) 216.7136

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	217.3587	212.7217	215.4936
February	219.8148	216.0233	217.4077
March	217.1171	210.7126	214.1001
April	216.4918	212.1507	214.4697
May	218.8825	215.4266	217.2107
June	218.8793	216.1692	217.7728
July	218.3244	215.7453	217.5018
August	219.8407	216.7302	218.3826
September	218.8979	217.4904	218.0761
October	219.6346	217.6294	218.4159
November	220.7872	216.7360	218.9897
December	220.5396	217.7396	218.9326