2023 JOD to NAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JOD to NAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JOD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 28.4788. Conversely, the yearly low was recorded on January 12, dropping to 23.6964.
This high-to-low spread represents a total annual volatility of 4.7823 NAD. From a start-to-finish perspective, comparing the January average rate of 24.0755 to the December average rate of 26.3386, the exchange rate registered a net change of 9.40% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 28.4788 was up 9.56% compared to the 2022 peak of 25.9944, 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 NAD 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 25.6622, compared to 26.5065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8443 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.5659 NAD (High: 28.2250 / Low: 25.6591). On the other end, January was the most stable month, with a tight range of 0.6656 NAD (High: 24.3620 / Low: 23.6964).
Growth Streaks & Declines
TrendsBetween 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 0.7122 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 27.1451) against the same month in 2022 (average: 25.5302), the exchange rate shifted by +1.6148 (+6.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.3620 | 23.6964 | 24.0755 |
| February | 25.9656 | 24.0344 | 25.2028 |
| March | 26.2193 | 25.2044 | 25.7615 |
| April | 26.1066 | 24.9930 | 25.6233 |
| May | 27.8021 | 25.7542 | 26.9031 |
| June | 27.8021 | 25.6273 | 26.4068 |
| July | 26.5718 | 24.8660 | 25.7291 |
| August | 28.0164 | 25.8083 | 26.6188 |
| September | 27.1469 | 26.4233 | 26.7744 |
| October | 28.4788 | 26.4478 | 27.1451 |
| November | 28.2250 | 25.6591 | 26.4329 |
| December | 26.9101 | 25.7683 | 26.3386 |