2023 PEN to JOD Historical Review

YEARLY HIGH

0.1993 JOD

YEARLY LOW

0.1818 JOD

YEARLY AVERAGE

0.1897 JOD

2023 PEN to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.1993. Conversely, the yearly low was recorded on January 26, dropping to 0.1818.

This high-to-low spread represents a total annual volatility of 0.0175 JOD. From a start-to-finish perspective, comparing the January average rate of 0.1856 to the December average rate of 0.1899, the exchange rate registered a net change of 2.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1993 was up 2.23% compared to the 2022 peak of 0.1950, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 997 JOD

2022 Average 925 JOD

Yearly Trough Low 909 JOD

Transaction Impact: A difference of 87.72 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1983

0.1836

JanuMarcMayJulySeptNove

PEN 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 0.1890, compared to 0.1903 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.1890

H2 Avg (Jul–Dec) 0.1903

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0067 JOD (High: 0.1964 / Low: 0.1897). On the other end, May was the most stable month, with a tight range of 0.0034 JOD (High: 0.1945 / Low: 0.1911).

August Spread (Volatile) ±0.0067

May Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0055 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1971) against the same month in 2022 (average: 0.1820), the exchange rate shifted by +0.0151 (+8.28%).

2023 Avg (July) 0.1971

2022 Avg (July) 0.1820

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1883	0.1818	0.1856
February	0.1866	0.1822	0.1849
March	0.1900	0.1864	0.1878
April	0.1927	0.1874	0.1888
May	0.1945	0.1911	0.1926
June	0.1967	0.1918	0.1946
July	0.1993	0.1948	0.1971
August	0.1964	0.1897	0.1918
September	0.1917	0.1868	0.1903
October	0.1870	0.1829	0.1848
November	0.1903	0.1843	0.1881
December	0.1922	0.1873	0.1899