2023 NOK to JOD Historical Review

YEARLY HIGH

0.0725 JOD

YEARLY LOW

0.0632 JOD

YEARLY AVERAGE

0.0672 JOD

2023 NOK to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0725. Conversely, the yearly low was recorded on November 9, dropping to 0.0632.

This high-to-low spread represents a total annual volatility of 0.0093 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0715 to the December average rate of 0.0675, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0725 was down 12.38% compared to the 2022 peak of 0.0827, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 362 JOD

2022 Average 370 JOD

Yearly Trough Low 316 JOD

Transaction Impact: A difference of 46.29 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0722

0.0638

JanuMarcMayJulySeptNove

NOK 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 0.0678, compared to 0.0666 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0678

H2 Avg (Jul–Dec) 0.0666

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0056 JOD (High: 0.0702 / Low: 0.0646). On the other end, September was the most stable month, with a tight range of 0.0010 JOD (High: 0.0665 / Low: 0.0655).

December Spread (Volatile) ±0.0056

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0022 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0715) against the same month in 2022 (average: 0.0801), the exchange rate shifted by -0.0086 (-10.77%).

2023 Avg (January) 0.0715

2022 Avg (January) 0.0801

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0725	0.0692	0.0715
February	0.0717	0.0680	0.0692
March	0.0684	0.0660	0.0673
April	0.0690	0.0665	0.0675
May	0.0675	0.0634	0.0656
June	0.0676	0.0639	0.0657
July	0.0713	0.0659	0.0690
August	0.0698	0.0660	0.0676
September	0.0665	0.0655	0.0661
October	0.0662	0.0633	0.0645
November	0.0669	0.0632	0.0651
December	0.0702	0.0646	0.0675