2023 JPY to INR Historical Review

YEARLY HIGH

0.6372 INR

YEARLY LOW

0.5485 INR

YEARLY AVERAGE

0.5890 INR

2023 JPY to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.6372. Conversely, the yearly low was recorded on November 13, dropping to 0.5485.

This high-to-low spread represents a total annual volatility of 0.0886 INR. From a start-to-finish perspective, comparing the January average rate of 0.6278 to the December average rate of 0.5795, the exchange rate registered a net change of -7.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6372 was down 4.63% compared to the 2022 peak of 0.6681, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 318,587 INR

2022 Average 300,202 INR

Yearly Trough Low 274,272 INR

Transaction Impact: A difference of 44,315.57 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6350

0.5487

JanuMarcMayJulySeptNove

JPY to INR 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 0.6099, compared to 0.5680 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0418 points.

H1 Avg (Jan–Jun) 0.6099

H2 Avg (Jul–Dec) 0.5680

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0325 INR (High: 0.6298 / Low: 0.5973). On the other end, September was the most stable month, with a tight range of 0.0090 INR (High: 0.5658 / Low: 0.5568).

March Spread (Volatile) ±0.0325

September Spread (Stable) ±0.0090

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0184 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.6205) against the same month in 2022 (average: 0.6507), the exchange rate shifted by -0.0302 (-4.64%).

2023 Avg (February) 0.6205

2022 Avg (February) 0.6507

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6362	0.6180	0.6278
February	0.6372	0.6061	0.6205
March	0.6298	0.5973	0.6158
April	0.6259	0.5993	0.6137
May	0.6109	0.5861	0.5999
June	0.5939	0.5668	0.5815
July	0.5941	0.5667	0.5823
August	0.5832	0.5637	0.5721
September	0.5658	0.5568	0.5619
October	0.5614	0.5503	0.5565
November	0.5670	0.5485	0.5559
December	0.5902	0.5661	0.5795