2023 JOD to SGD Historical Review

YEARLY HIGH

1.9364 SGD

YEARLY LOW

1.8401 SGD

YEARLY AVERAGE

1.8935 SGD

2023 JOD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 18, valuing the pair at 1.9364. Conversely, the yearly low was recorded on February 1, dropping to 1.8401.

This high-to-low spread represents a total annual volatility of 0.0963 SGD. From a start-to-finish perspective, comparing the January average rate of 1.8672 to the December average rate of 1.8767, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9364 was down 4.58% compared to the 2022 peak of 2.0293, 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 9,682 SGD

2022 Average 9,722 SGD

Yearly Trough Low 9,200 SGD

Transaction Impact: A difference of 481.62 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9358

1.8610

JanuMarcMayJulySeptNove

JOD to SGD 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 1.8834, compared to 1.9036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0202 points.

H1 Avg (Jan–Jun) 1.8834

H2 Avg (Jul–Dec) 1.9036

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0629 SGD (High: 1.9030 / Low: 1.8401). On the other end, October was the most stable month, with a tight range of 0.0164 SGD (High: 1.9364 / Low: 1.9201).

February Spread (Volatile) ±0.0629

October Spread (Stable) ±0.0164

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 October and November, when the average rate fell by 0.0289 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0289

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.9296) against the same month in 2022 (average: 2.0079), the exchange rate shifted by -0.0783 (-3.90%).

2023 Avg (October) 1.9296

2022 Avg (October) 2.0079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8972	1.8491	1.8672
February	1.9030	1.8401	1.8790
March	1.9094	1.8719	1.8899
April	1.8860	1.8641	1.8777
May	1.9095	1.8673	1.8887
June	1.9116	1.8843	1.8978
July	1.9077	1.8623	1.8824
August	1.9220	1.8844	1.9082
September	1.9342	1.9108	1.9239
October	1.9364	1.9201	1.9296
November	1.9262	1.8744	1.9007
December	1.8947	1.8595	1.8767