2023 JOD to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JOD to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JOD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 27.8830. Conversely, the yearly low was recorded on January 12, dropping to 23.5983.
This high-to-low spread represents a total annual volatility of 4.2847 ZAR. From a start-to-finish perspective, comparing the January average rate of 24.0718 to the December average rate of 26.2136, the exchange rate registered a net change of 8.90% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 27.8830 was up 7.39% compared to the 2022 peak of 25.9647, 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 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 25.6719, compared to 26.3591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6871 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 2.1893 ZAR (High: 26.9494 / Low: 24.7600). On the other end, September was the most stable month, with a tight range of 0.7092 ZAR (High: 27.1410 / Low: 26.4319).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 0.7271 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 26.9231) against the same month in 2022 (average: 22.4190), the exchange rate shifted by +4.5041 (+20.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.5335 | 23.5983 | 24.0718 |
| February | 25.9703 | 24.0285 | 25.2658 |
| March | 26.4594 | 25.0683 | 25.7510 |
| April | 26.0895 | 25.0830 | 25.6074 |
| May | 27.8830 | 25.7852 | 26.9231 |
| June | 27.6687 | 25.6293 | 26.4124 |
| July | 26.9494 | 24.7600 | 25.6853 |
| August | 27.1061 | 25.8060 | 26.5297 |
| September | 27.1410 | 26.4319 | 26.7647 |
| October | 27.4990 | 26.2939 | 26.8280 |
| November | 26.6249 | 25.6448 | 26.1331 |
| December | 26.9020 | 25.7408 | 26.2136 |