2023 JOD to MMK Historical Review

YEARLY HIGH

2987.7813 MMK

YEARLY LOW

2916.7382 MMK

YEARLY AVERAGE

2959.6807 MMK

2023 JOD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2987.7813. Conversely, the yearly low was recorded on March 19, dropping to 2916.7382.

This high-to-low spread represents a total annual volatility of 71.0432 MMK. From a start-to-finish perspective, comparing the January average rate of 2960.2002 to the December average rate of 2963.1857, the exchange rate registered a net change of 0.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2987.7813 was up 0.24% compared to the 2022 peak of 2980.6227, 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 14,938,907 MMK

2022 Average 13,601,482 MMK

Yearly Trough Low 14,583,691 MMK

Transaction Impact: A difference of 355,215.78 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2967.0677

2954.4480

JanuMarcMayJulySeptNove

JOD to MMK 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 2958.6080, compared to 2960.7534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1454 points.

H1 Avg (Jan–Jun) 2958.6080

H2 Avg (Jul–Dec) 2960.7534

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 46.7201 MMK (High: 2987.7813 / Low: 2941.0612). On the other end, January was the most stable month, with a tight range of 12.6773 MMK (High: 2963.3906 / Low: 2950.7133).

February Spread (Volatile) ±46.7201

January Spread (Stable) ±12.6773

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 4.8149 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.8149

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2960.3146) against the same month in 2022 (average: 2507.4939), the exchange rate shifted by +452.8207 (+18.06%).

2023 Avg (February) 2960.3146

2022 Avg (February) 2507.4939

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2963.3906	2950.7133	2960.2002
February	2987.7813	2941.0612	2960.3146
March	2962.7063	2916.7382	2955.4996
April	2964.3136	2921.2316	2957.3114
May	2965.3863	2951.1050	2958.6217
June	2971.8925	2941.5820	2959.7006
July	2965.3615	2932.2582	2957.5498
August	2978.0884	2946.6475	2966.0161
September	2970.2625	2950.5961	2962.7702
October	2965.7163	2946.2213	2957.9857
November	2963.0496	2936.4390	2957.0129
December	2976.2740	2958.1106	2963.1857