2023 JOD to NPR Historical Review

YEARLY HIGH

188.5370 NPR

YEARLY LOW

182.0738 NPR

YEARLY AVERAGE

186.2273 NPR

2023 JOD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 188.5370. Conversely, the yearly low was recorded on April 30, dropping to 182.0738.

This high-to-low spread represents a total annual volatility of 6.4632 NPR. From a start-to-finish perspective, comparing the January average rate of 184.5432 to the December average rate of 187.9160, the exchange rate registered a net change of 1.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 188.5370 was up 0.60% compared to the 2022 peak of 187.4122, 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 942,685 NPR

2022 Average 886,550 NPR

Yearly Trough Low 910,369 NPR

Transaction Impact: A difference of 32,316.17 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

188.2532

184.2060

JanuMarcMayJulySeptNove

JOD to NPR 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 185.3079, compared to 187.1467 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8388 points.

H1 Avg (Jan–Jun) 185.3079

H2 Avg (Jul–Dec) 187.1467

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 4.0486 NPR (High: 186.9140 / Low: 182.8654). On the other end, October was the most stable month, with a tight range of 1.0750 NPR (High: 187.8981 / Low: 186.8231).

January Spread (Volatile) ±4.0486

October Spread (Stable) ±1.0750

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.8728 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.8728

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 187.9160) against the same month in 2022 (average: 185.9954), the exchange rate shifted by +1.9206 (+1.03%).

2023 Avg (December) 187.9160

2022 Avg (December) 185.9954

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	186.9140	182.8654	184.5432
February	187.1754	184.5546	186.2643
March	186.8137	183.5314	185.3916
April	185.7947	182.0738	184.7130
May	186.7878	184.1376	185.5678
June	186.4832	183.7219	185.3674
July	186.7177	183.7612	185.2219
August	188.5029	185.6922	187.1365
September	187.9769	186.3839	187.4169
October	187.8981	186.8231	187.5295
November	188.1042	186.1975	187.6595
December	188.5370	187.3126	187.9160