2023 QAR to JOD Historical Review

YEARLY HIGH

0.1971 JOD

YEARLY LOW

0.1926 JOD

YEARLY AVERAGE

0.1947 JOD

2023 QAR to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 0.1971. Conversely, the yearly low was recorded on February 5, dropping to 0.1926.

This high-to-low spread represents a total annual volatility of 0.0045 JOD. From a start-to-finish perspective, comparing the January average rate of 0.1947 to the December average rate of 0.1947, the exchange rate registered a net change of -0.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1971 was up 0.92% compared to the 2022 peak of 0.1953, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 986 JOD

2022 Average 973 JOD

Yearly Trough Low 963 JOD

Transaction Impact: A difference of 22.34 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1950

0.1942

JanuMarcMayJulySeptNove

QAR 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 0.1947, compared to 0.1947 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.1947

H2 Avg (Jul–Dec) 0.1947

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0043 JOD (High: 0.1971 / Low: 0.1928). On the other end, May was the most stable month, with a tight range of 0.0003 JOD (High: 0.1949 / Low: 0.1946).

April Spread (Volatile) ±0.0043

May Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.1946) against the same month in 2022 (average: 0.1947), the exchange rate shifted by -0.0001 (-0.06%).

2023 Avg (April) 0.1946

2022 Avg (April) 0.1947

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1950	0.1935	0.1947
February	0.1960	0.1926	0.1945
March	0.1968	0.1930	0.1946
April	0.1971	0.1928	0.1946
May	0.1949	0.1946	0.1948
June	0.1951	0.1938	0.1948
July	0.1955	0.1945	0.1948
August	0.1945	0.1934	0.1943
September	0.1949	0.1941	0.1946
October	0.1950	0.1943	0.1947
November	0.1959	0.1944	0.1949
December	0.1949	0.1941	0.1947