2023 JOD to NZD Historical Review

YEARLY HIGH

2.4340 NZD

YEARLY LOW

2.1635 NZD

YEARLY AVERAGE

2.2972 NZD

2023 JOD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 2.4340. Conversely, the yearly low was recorded on February 1, dropping to 2.1635.

This high-to-low spread represents a total annual volatility of 0.2705 NZD. From a start-to-finish perspective, comparing the January average rate of 2.2008 to the December average rate of 2.2633, the exchange rate registered a net change of 2.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4340 was down 4.01% compared to the 2022 peak of 2.5358, 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 12,170 NZD

2022 Average 11,125 NZD

Yearly Trough Low 10,818 NZD

Transaction Impact: A difference of 1,352.40 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4105

2.1817

JanuMarcMayJulySeptNove

JOD to NZD 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 2.2592, compared to 2.3352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0760 points.

H1 Avg (Jan–Jun) 2.2592

H2 Avg (Jul–Dec) 2.3352

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1284 NZD (High: 2.2919 / Low: 2.1635). On the other end, September was the most stable month, with a tight range of 0.0554 NZD (High: 2.4061 / Low: 2.3507).

February Spread (Volatile) ±0.1284

September Spread (Stable) ±0.0554

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0875 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0875

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.3915) against the same month in 2022 (average: 2.4797), the exchange rate shifted by -0.0882 (-3.56%).

2023 Avg (October) 2.3915

2022 Avg (October) 2.4797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2643	2.1707	2.2008
February	2.2919	2.1635	2.2446
March	2.3106	2.2456	2.2708
April	2.3032	2.2313	2.2702
May	2.3406	2.2128	2.2712
June	2.3333	2.2611	2.2976
July	2.2989	2.2058	2.2660
August	2.3931	2.2996	2.3590
September	2.4061	2.3507	2.3805
October	2.4340	2.3331	2.3915
November	2.3978	2.2895	2.3508
December	2.3028	2.2200	2.2633