2023 NZD to JOD Historical Review

YEARLY HIGH

0.4622 JOD

YEARLY LOW

0.4108 JOD

YEARLY AVERAGE

0.4356 JOD

2023 NZD to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.4622. Conversely, the yearly low was recorded on October 25, dropping to 0.4108.

This high-to-low spread represents a total annual volatility of 0.0514 JOD. From a start-to-finish perspective, comparing the January average rate of 0.4544 to the December average rate of 0.4419, the exchange rate registered a net change of -2.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4622 was down 6.54% compared to the 2022 peak of 0.4946, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,311 JOD

2022 Average 2,254 JOD

Yearly Trough Low 2,054 JOD

Transaction Impact: A difference of 256.81 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4581

0.4146

JanuMarcMayJulySeptNove

NZD 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 0.4428, compared to 0.4285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0143 points.

H1 Avg (Jan–Jun) 0.4428

H2 Avg (Jul–Dec) 0.4285

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0259 JOD (High: 0.4622 / Low: 0.4363). On the other end, September was the most stable month, with a tight range of 0.0098 JOD (High: 0.4254 / Low: 0.4156).

February Spread (Volatile) ±0.0259

September Spread (Stable) ±0.0098

Growth Streaks & Declines

Trends

Between October and December, 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 July and August, when the average rate fell by 0.0174 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0174

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.4456) against the same month in 2022 (average: 0.4733), the exchange rate shifted by -0.0277 (-5.85%).

2023 Avg (February) 0.4456

2022 Avg (February) 0.4733

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4607	0.4416	0.4544
February	0.4622	0.4363	0.4456
March	0.4453	0.4328	0.4404
April	0.4482	0.4342	0.4405
May	0.4519	0.4272	0.4404
June	0.4423	0.4286	0.4353
July	0.4534	0.4350	0.4414
August	0.4349	0.4179	0.4240
September	0.4254	0.4156	0.4201
October	0.4286	0.4108	0.4182
November	0.4368	0.4170	0.4255
December	0.4504	0.4343	0.4419