2023 JOD to PKR Historical Review

YEARLY HIGH

435.1059 PKR

YEARLY LOW

319.3721 PKR

YEARLY AVERAGE

394.0540 PKR

2023 JOD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 435.1059. Conversely, the yearly low was recorded on January 2, dropping to 319.3721.

This high-to-low spread represents a total annual volatility of 115.7338 PKR. From a start-to-finish perspective, comparing the January average rate of 329.4805 to the December average rate of 397.5410, the exchange rate registered a net change of 20.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 435.1059 was up 28.13% compared to the 2022 peak of 339.5768, 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 2,175,530 PKR

2022 Average 1,443,021 PKR

Yearly Trough Low 1,596,861 PKR

Transaction Impact: A difference of 578,668.92 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

429.1892

320.4161

JanuMarcMayJulySeptNove

JOD to PKR 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 384.1778, compared to 403.9302 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.7524 points.

H1 Avg (Jan–Jun) 384.1778

H2 Avg (Jul–Dec) 403.9302

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 58.3732 PKR (High: 377.7453 / Low: 319.3721). On the other end, June was the most stable month, with a tight range of 3.5302 PKR (High: 405.3418 / Low: 401.8116).

January Spread (Volatile) ±58.3732

June Spread (Stable) ±3.5302

Growth Streaks & Declines

Trends

Between January and June, 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 September and October, when the average rate fell by 26.3067 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -26.3067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 420.1248) against the same month in 2022 (average: 325.0755), the exchange rate shifted by +95.0493 (+29.24%).

2023 Avg (September) 420.1248

2022 Avg (September) 325.0755

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	377.7453	319.3721	329.4805
February	388.6513	353.1181	374.1705
March	400.0564	369.4573	394.8500
April	406.8532	393.3872	399.8690
May	416.7606	399.4490	402.7020
June	405.3418	401.8116	403.9947
July	405.7863	383.9506	397.0761
August	430.3024	400.4138	414.5071
September	435.1059	405.3472	420.1248
October	407.3372	387.7061	393.8181
November	406.5276	392.4983	400.5138
December	402.0651	392.0767	397.5410