2023 JOD to KWD Historical Review

YEARLY HIGH

0.4380 KWD

YEARLY LOW

0.4262 KWD

YEARLY AVERAGE

0.4333 KWD

2023 JOD to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 15, valuing the pair at 0.4380. Conversely, the yearly low was recorded on March 18, dropping to 0.4262.

This high-to-low spread represents a total annual volatility of 0.0117 KWD. From a start-to-finish perspective, comparing the January average rate of 0.4307 to the December average rate of 0.4340, the exchange rate registered a net change of 0.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4380 was down 0.07% compared to the 2022 peak of 0.4383, 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 2,190 KWD

2022 Average 2,160 KWD

Yearly Trough Low 2,131 KWD

Transaction Impact: A difference of 58.67 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4364

0.4302

JanuMarcMayJulySeptNove

JOD to KWD 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 0.4320, compared to 0.4346 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.4320

H2 Avg (Jul–Dec) 0.4346

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0070 KWD (High: 0.4333 / Low: 0.4262). On the other end, September was the most stable month, with a tight range of 0.0014 KWD (High: 0.4363 / Low: 0.4350).

March Spread (Volatile) ±0.0070

September Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4359) against the same month in 2022 (average: 0.4373), the exchange rate shifted by -0.0013 (-0.31%).

2023 Avg (October) 0.4359

2022 Avg (October) 0.4373

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4324	0.4294	0.4307
February	0.4328	0.4288	0.4314
March	0.4333	0.4262	0.4321
April	0.4338	0.4304	0.4319
May	0.4338	0.4313	0.4326
June	0.4338	0.4317	0.4331
July	0.4334	0.4308	0.4325
August	0.4362	0.4342	0.4350
September	0.4363	0.4350	0.4357
October	0.4380	0.4351	0.4359
November	0.4357	0.4337	0.4348
December	0.4355	0.4326	0.4340