2023 JOD to RUB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JOD to RUB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JOD to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 142.3337. Conversely, the yearly low was recorded on January 15, dropping to 93.0532.
This high-to-low spread represents a total annual volatility of 49.2805 RUB. From a start-to-finish perspective, comparing the January average rate of 98.6268 to the December average rate of 128.3561, the exchange rate registered a net change of 30.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 142.3337 was down 29.27% compared to the 2022 peak of 201.2225, 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 RUB 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 108.8658, compared to 132.0813 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 23.2155 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 11.2966 RUB (High: 125.1952 / Low: 113.8987). On the other end, March was the most stable month, with a tight range of 3.6298 RUB (High: 109.2839 / Low: 105.6541).
Growth Streaks & Declines
TrendsBetween May and October, 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 October and November, when the average rate fell by 9.1061 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 136.8077) against the same month in 2022 (average: 87.2560), the exchange rate shifted by +49.5517 (+56.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 103.9053 | 93.0532 | 98.6268 |
| February | 107.1564 | 98.5764 | 103.6332 |
| March | 109.2839 | 105.6541 | 107.6088 |
| April | 115.6555 | 109.2839 | 114.1815 |
| May | 114.6200 | 107.2787 | 111.5753 |
| June | 125.1952 | 113.8987 | 117.5694 |
| July | 130.0158 | 123.9606 | 127.7626 |
| August | 141.2758 | 130.4673 | 135.3568 |
| September | 139.1556 | 133.8705 | 136.5032 |
| October | 142.3337 | 131.0447 | 136.8077 |
| November | 131.5053 | 124.4168 | 127.7016 |
| December | 130.9487 | 124.6829 | 128.3561 |