2023 JOD to XAF Historical Review

YEARLY HIGH

883.1984 XAF

YEARLY LOW

822.5126 XAF

YEARLY AVERAGE

854.7610 XAF

2023 JOD to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 883.1984. Conversely, the yearly low was recorded on July 14, dropping to 822.5126.

This high-to-low spread represents a total annual volatility of 60.6858 XAF. From a start-to-finish perspective, comparing the January average rate of 857.1827 to the December average rate of 846.5383, the exchange rate registered a net change of -1.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 883.1984 was down 8.40% compared to the 2022 peak of 964.1564, 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 4,415,992 XAF

2022 Average 4,399,093 XAF

Yearly Trough Low 4,112,563 XAF

Transaction Impact: A difference of 303,429.02 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

878.9850

832.6169

JanuMarcMayJulySeptNove

JOD to XAF 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 854.7001, compared to 854.8219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1218 points.

H1 Avg (Jan–Jun) 854.7001

H2 Avg (Jul–Dec) 854.8219

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 40.0353 XAF (High: 864.7294 / Low: 824.6941). On the other end, October was the most stable month, with a tight range of 16.5268 XAF (High: 883.1984 / Low: 866.6715).

May Spread (Volatile) ±40.0353

October Spread (Stable) ±16.5268

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 March and April, when the average rate fell by 21.3856 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -21.3856

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 875.1210) against the same month in 2022 (average: 940.6231), the exchange rate shifted by -65.5022 (-6.96%).

2023 Avg (October) 875.1210

2022 Avg (October) 940.6231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	879.0638	846.8430	857.1827
February	876.1739	839.6309	863.9590
March	876.5598	847.9699	862.8995
April	855.8143	830.9724	841.5140
May	864.7294	824.6941	849.9140
June	864.5488	841.2413	852.7315
July	851.8202	822.5126	836.4809
August	858.2622	840.1669	849.2341
September	879.6926	858.4311	866.8594
October	883.1984	866.6715	875.1210
November	873.4548	839.9268	854.6977
December	859.0462	832.1625	846.5383