2023 MXN to JOD Historical Review

YEARLY HIGH

0.0425 JOD

YEARLY LOW

0.0364 JOD

YEARLY AVERAGE

0.0400 JOD

2023 MXN to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 0.0425. Conversely, the yearly low was recorded on January 1, dropping to 0.0364.

This high-to-low spread represents a total annual volatility of 0.0061 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0374 to the December average rate of 0.0413, the exchange rate registered a net change of 10.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0425 was up 14.65% compared to the 2022 peak of 0.0371, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 2,124 JOD

2022 Average 1,764 JOD

Yearly Trough Low 1,819 JOD

Transaction Impact: A difference of 305.10 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0424

0.0370

JanuMarcMayJulySeptNove

MXN 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 0.0391, compared to 0.0410 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0391

H2 Avg (Jul–Dec) 0.0410

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0022 JOD (High: 0.0395 / Low: 0.0373). On the other end, April was the most stable month, with a tight range of 0.0007 JOD (High: 0.0395 / Low: 0.0387).

March Spread (Volatile) ±0.0022

April Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0017 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0419) against the same month in 2022 (average: 0.0346), the exchange rate shifted by +0.0073 (+21.21%).

2023 Avg (July) 0.0419

2022 Avg (July) 0.0346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0380	0.0364	0.0374
February	0.0388	0.0370	0.0382
March	0.0395	0.0373	0.0386
April	0.0395	0.0387	0.0393
May	0.0407	0.0395	0.0400
June	0.0415	0.0404	0.0411
July	0.0425	0.0412	0.0419
August	0.0423	0.0408	0.0417
September	0.0415	0.0401	0.0410
October	0.0408	0.0387	0.0392
November	0.0414	0.0399	0.0408
December	0.0419	0.0406	0.0413