2023 NGN to JOD Historical Review

YEARLY HIGH

0.0016 JOD

YEARLY LOW

0.0008 JOD

YEARLY AVERAGE

0.0012 JOD

2023 NGN to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0016. Conversely, the yearly low was recorded on December 30, dropping to 0.0008.

This high-to-low spread represents a total annual volatility of 0.0008 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0016 to the December average rate of 0.0009, the exchange rate registered a net change of -43.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0016 was down 8.04% compared to the 2022 peak of 0.0017, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 1,587 JOD

2022 Average 1,675 JOD

Yearly Trough Low 790 JOD

Transaction Impact: A difference of 796.57 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0016

0.0008

JanuMarcMayJulySeptNove

NGN 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 0.0015, compared to 0.0009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0015

H2 Avg (Jul–Dec) 0.0009

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0007 JOD (High: 0.0015 / Low: 0.0009). On the other end, May was the most stable month, with a tight range of 0.0000 JOD (High: 0.0015 / Low: 0.0015).

June Spread (Volatile) ±0.0007

May Spread (Stable) ±0.0000

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 June and July, when the average rate fell by 0.0003 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0016) against the same month in 2022 (average: 0.0017), the exchange rate shifted by -0.0002 (-8.93%).

2023 Avg (January) 0.0016

2022 Avg (January) 0.0017

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0016	0.0015	0.0016
February	0.0015	0.0015	0.0015
March	0.0016	0.0015	0.0015
April	0.0015	0.0015	0.0015
May	0.0015	0.0015	0.0015
June	0.0015	0.0009	0.0013
July	0.0009	0.0009	0.0009
August	0.0009	0.0009	0.0009
September	0.0010	0.0009	0.0009
October	0.0009	0.0008	0.0009
November	0.0009	0.0009	0.0009
December	0.0009	0.0008	0.0009