2023 JOD to KRW Historical Review

YEARLY HIGH

1917.2047 KRW

YEARLY LOW

1722.9701 KRW

YEARLY AVERAGE

1841.6208 KRW

2023 JOD to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 1917.2047. Conversely, the yearly low was recorded on February 1, dropping to 1722.9701.

This high-to-low spread represents a total annual volatility of 194.2346 KRW. From a start-to-finish perspective, comparing the January average rate of 1751.5127 to the December average rate of 1834.4627, the exchange rate registered a net change of 4.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1917.2047 was down 5.93% compared to the 2022 peak of 2038.0269, 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 9,586,023 KRW

2022 Average 9,108,473 KRW

Yearly Trough Low 8,614,851 KRW

Transaction Impact: A difference of 971,172.82 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1918.5558

1736.3269

JanuMarcMayJulySeptNove

JOD to KRW 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 1825.9604, compared to 1857.2813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 31.3209 points.

H1 Avg (Jan–Jun) 1825.9604

H2 Avg (Jul–Dec) 1857.2813

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 140.5765 KRW (High: 1863.5467 / Low: 1722.9701). On the other end, October was the most stable month, with a tight range of 30.6765 KRW (High: 1917.2047 / Low: 1886.5282).

February Spread (Volatile) ±140.5765

October Spread (Stable) ±30.6765

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 61.2912 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -61.2912

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1903.3700) against the same month in 2022 (average: 2014.1581), the exchange rate shifted by -110.7880 (-5.50%).

2023 Avg (October) 1903.3700

2022 Avg (October) 2014.1581

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1802.2327	1733.0380	1751.5127
February	1863.5467	1722.9701	1803.8924
March	1869.0443	1813.7017	1839.4449
April	1890.8277	1835.3377	1862.9343
May	1893.3112	1852.2622	1871.7823
June	1865.2502	1787.3485	1826.1959
July	1855.2513	1783.8573	1811.9327
August	1898.3894	1820.4144	1869.5148
September	1908.0153	1861.9545	1882.3288
October	1917.2047	1886.5282	1903.3700
November	1900.5800	1814.9783	1842.0788
December	1857.1670	1812.3851	1834.4627