2023 SEK to JOD Historical Review

YEARLY HIGH

0.0714 JOD

YEARLY LOW

0.0632 JOD

YEARLY AVERAGE

0.0669 JOD

2023 SEK to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.0714. Conversely, the yearly low was recorded on October 28, dropping to 0.0632.

This high-to-low spread represents a total annual volatility of 0.0082 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0683 to the December average rate of 0.0693, the exchange rate registered a net change of 1.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0714 was down 10.08% compared to the 2022 peak of 0.0794, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 357 JOD

2022 Average 352 JOD

Yearly Trough Low 316 JOD

Transaction Impact: A difference of 41.01 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0698

0.0634

JanuMarcMayJulySeptNove

SEK 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 0.0676, compared to 0.0661 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0676

H2 Avg (Jul–Dec) 0.0661

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0052 JOD (High: 0.0688 / Low: 0.0636). On the other end, September was the most stable month, with a tight range of 0.0017 JOD (High: 0.0650 / Low: 0.0633).

November Spread (Volatile) ±0.0052

September Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between September and December, 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 0.0020 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0693) against the same month in 2022 (average: 0.0682), the exchange rate shifted by +0.0010 (+1.51%).

2023 Avg (December) 0.0693

2022 Avg (December) 0.0682

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0696	0.0664	0.0683
February	0.0688	0.0668	0.0679
March	0.0689	0.0661	0.0675
April	0.0693	0.0675	0.0686
May	0.0699	0.0653	0.0677
June	0.0669	0.0650	0.0659
July	0.0696	0.0648	0.0674
August	0.0670	0.0641	0.0654
September	0.0650	0.0633	0.0639
October	0.0652	0.0632	0.0644
November	0.0688	0.0636	0.0665
December	0.0714	0.0676	0.0693