2023 JOD to QAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JOD to QAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JOD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 5.1910. Conversely, the yearly low was recorded on April 30, dropping to 5.0733.
This high-to-low spread represents a total annual volatility of 0.1177 QAR. From a start-to-finish perspective, comparing the January average rate of 5.1365 to the December average rate of 5.1374, the exchange rate registered a net change of 0.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 5.1910 was up 0.09% compared to the 2022 peak of 5.1865, 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 QAR 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 5.1371, compared to 5.1371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 0.1142 QAR (High: 5.1875 / Low: 5.0733). On the other end, May was the most stable month, with a tight range of 0.0076 QAR (High: 5.1376 / Low: 5.1300).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0078 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 5.1404) against the same month in 2022 (average: 5.1362), the exchange rate shifted by +0.0042 (+0.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.1682 | 5.1289 | 5.1365 |
| February | 5.1910 | 5.1014 | 5.1404 |
| March | 5.1810 | 5.0821 | 5.1400 |
| April | 5.1875 | 5.0733 | 5.1389 |
| May | 5.1376 | 5.1300 | 5.1323 |
| June | 5.1605 | 5.1265 | 5.1343 |
| July | 5.1402 | 5.1153 | 5.1331 |
| August | 5.1703 | 5.1405 | 5.1470 |
| September | 5.1520 | 5.1296 | 5.1392 |
| October | 5.1479 | 5.1277 | 5.1351 |
| November | 5.1430 | 5.1035 | 5.1307 |
| December | 5.1511 | 5.1304 | 5.1374 |