2017 JOD to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 JOD to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the JOD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 20.4124. Conversely, the yearly low was recorded on December 27, dropping to 17.3024.
This high-to-low spread represents a total annual volatility of 3.1100 ZAR. From a start-to-finish perspective, comparing the January average rate of 19.1697 to the December average rate of 18.4551, the exchange rate registered a net change of -3.73% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 20.4124 was down 14.05% compared to the 2016 peak of 23.7505, 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 2017.
JOD to ZAR 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 18.6273, compared to 18.8986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2714 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was December, with a trading range of 2.0979 ZAR (High: 19.4003 / Low: 17.3024). On the other end, June was the most stable month, with a tight range of 0.6794 ZAR (High: 18.4723 / Low: 17.7929).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.4219 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2017: 19.8771) against the same month in 2016 (average: 19.7371), the exchange rate shifted by +0.1399 (+0.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.4828 | 18.6878 | 19.1697 |
| February | 19.0042 | 18.1678 | 18.5959 |
| March | 18.9536 | 17.5053 | 18.2274 |
| April | 19.6314 | 18.3381 | 18.9347 |
| May | 19.2315 | 18.0604 | 18.6756 |
| June | 18.4723 | 17.7929 | 18.1605 |
| July | 19.1085 | 18.1712 | 18.4941 |
| August | 19.0282 | 18.3398 | 18.6803 |
| September | 19.1540 | 18.0594 | 18.5650 |
| October | 20.0865 | 18.6898 | 19.3202 |
| November | 20.4124 | 19.2748 | 19.8771 |
| December | 19.4003 | 17.3024 | 18.4551 |