2023 JOD to MUR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JOD to MUR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JOD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 66.4505. Conversely, the yearly low was recorded on January 14, dropping to 61.4027.
This high-to-low spread represents a total annual volatility of 5.0478 MUR. From a start-to-finish perspective, comparing the January average rate of 62.2026 to the December average rate of 62.2257, the exchange rate registered a net change of 0.04% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 66.4505 was up 1.54% compared to the 2022 peak of 65.4443, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JOD to MUR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 64.0211, compared to 63.1732 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8479 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 3.4546 MUR (High: 65.7608 / Low: 62.3062). On the other end, October was the most stable month, with a tight range of 0.5139 MUR (High: 62.8025 / Low: 62.2886).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.8416 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 65.4777) against the same month in 2022 (average: 62.5392), the exchange rate shifted by +2.9385 (+4.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 63.6668 | 61.4027 | 62.2026 |
| February | 65.7608 | 62.3062 | 64.4469 |
| March | 66.4505 | 64.0682 | 65.4777 |
| April | 64.1387 | 63.2224 | 63.6361 |
| May | 64.4325 | 63.3617 | 64.0283 |
| June | 64.9986 | 63.8336 | 64.3354 |
| July | 65.3353 | 63.7584 | 64.2565 |
| August | 65.0565 | 63.6774 | 64.2529 |
| September | 65.8382 | 62.6707 | 63.4813 |
| October | 62.8025 | 62.2886 | 62.4805 |
| November | 63.3723 | 62.1643 | 62.3426 |
| December | 62.9405 | 61.8718 | 62.2257 |