2023 JOD to MVR Historical Review

YEARLY HIGH

21.8331 MVR

YEARLY LOW

21.5001 MVR

YEARLY AVERAGE

21.6725 MVR

2023 JOD to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 11, valuing the pair at 21.8331. Conversely, the yearly low was recorded on November 13, dropping to 21.5001.

This high-to-low spread represents a total annual volatility of 0.3330 MVR. From a start-to-finish perspective, comparing the January average rate of 21.6855 to the December average rate of 21.6693, the exchange rate registered a net change of -0.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.8331 was down 2.40% compared to the 2022 peak of 22.3695, 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 109,165 MVR

2022 Average 108,755 MVR

Yearly Trough Low 107,500 MVR

Transaction Impact: A difference of 1,665.02 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.7682

21.6153

JanuMarcMayJulySeptNove

JOD to MVR 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 21.6505, compared to 21.6946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0441 points.

H1 Avg (Jan–Jun) 21.6505

H2 Avg (Jul–Dec) 21.6946

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2820 MVR (High: 21.7820 / Low: 21.5001). On the other end, February was the most stable month, with a tight range of 0.0279 MVR (High: 21.6521 / Low: 21.6242).

November Spread (Volatile) ±0.2820

February Spread (Stable) ±0.0279

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0652 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0652

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 21.7555) against the same month in 2022 (average: 21.7811), the exchange rate shifted by -0.0256 (-0.12%).

2023 Avg (September) 21.7555

2022 Avg (September) 21.7811

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.7256	21.6181	21.6855
February	21.6521	21.6242	21.6410
March	21.7437	21.6242	21.6698
April	21.7226	21.6380	21.6494
May	21.6521	21.5645	21.6291
June	21.6552	21.5645	21.6281
July	21.7256	21.5786	21.6803
August	21.7576	21.6587	21.7120
September	21.8331	21.6794	21.7555
October	21.7256	21.6319	21.6903
November	21.7820	21.5001	21.6600
December	21.7115	21.6350	21.6693