2023 RON to JOD Historical Review

YEARLY HIGH

0.1614 JOD

YEARLY LOW

0.1493 JOD

YEARLY AVERAGE

0.1551 JOD

2023 RON to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.1614. Conversely, the yearly low was recorded on October 3, dropping to 0.1493.

This high-to-low spread represents a total annual volatility of 0.0121 JOD. From a start-to-finish perspective, comparing the January average rate of 0.1553 to the December average rate of 0.1559, the exchange rate registered a net change of 0.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1614 was down 1.80% compared to the 2022 peak of 0.1643, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 807 JOD

2022 Average 758 JOD

Yearly Trough Low 746 JOD

Transaction Impact: A difference of 60.45 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1595

0.1501

JanuMarcMayJulySeptNove

RON 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 0.1554, compared to 0.1548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.1554

H2 Avg (Jul–Dec) 0.1548

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0072 JOD (High: 0.1591 / Low: 0.1519). On the other end, October was the most stable month, with a tight range of 0.0030 JOD (High: 0.1523 / Low: 0.1493).

February Spread (Volatile) ±0.0072

October Spread (Stable) ±0.0030

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 August and September, when the average rate fell by 0.0039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1587) against the same month in 2022 (average: 0.1464), the exchange rate shifted by +0.0123 (+8.42%).

2023 Avg (July) 0.1587

2022 Avg (July) 0.1464

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1585	0.1514	0.1553
February	0.1591	0.1519	0.1547
March	0.1567	0.1521	0.1542
April	0.1590	0.1550	0.1575
May	0.1593	0.1529	0.1557
June	0.1571	0.1528	0.1551
July	0.1614	0.1556	0.1587
August	0.1581	0.1548	0.1563
September	0.1545	0.1499	0.1523
October	0.1523	0.1493	0.1509
November	0.1571	0.1511	0.1544
December	0.1584	0.1536	0.1559