2023 MAD to JOD Historical Review

YEARLY HIGH

0.0738 JOD

YEARLY LOW

0.0675 JOD

YEARLY AVERAGE

0.0701 JOD

2023 MAD to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 0.0738. Conversely, the yearly low was recorded on January 3, dropping to 0.0675.

This high-to-low spread represents a total annual volatility of 0.0063 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0693 to the December average rate of 0.0707, the exchange rate registered a net change of 1.91% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0738 was down 4.13% compared to the 2022 peak of 0.0770, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 369 JOD

2022 Average 350 JOD

Yearly Trough Low 338 JOD

Transaction Impact: A difference of 31.63 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0732

0.0683

JanuMarcMayJulySeptNove

MAD to JOD 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 0.0696, compared to 0.0705 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0696

H2 Avg (Jul–Dec) 0.0705

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0037 JOD (High: 0.0733 / Low: 0.0696). On the other end, September was the most stable month, with a tight range of 0.0010 JOD (High: 0.0697 / Low: 0.0687).

August Spread (Volatile) ±0.0037

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0023 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0728) against the same month in 2022 (average: 0.0693), the exchange rate shifted by +0.0035 (+5.09%).

2023 Avg (July) 0.0728

2022 Avg (July) 0.0693

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0705	0.0675	0.0693
February	0.0700	0.0681	0.0689
March	0.0695	0.0678	0.0687
April	0.0716	0.0694	0.0700
May	0.0712	0.0693	0.0702
June	0.0717	0.0695	0.0706
July	0.0738	0.0717	0.0728
August	0.0733	0.0696	0.0715
September	0.0697	0.0687	0.0693
October	0.0696	0.0684	0.0691
November	0.0707	0.0689	0.0698
December	0.0721	0.0696	0.0707