2023 SGD to JOD Historical Review

YEARLY HIGH

0.5435 JOD

YEARLY LOW

0.5164 JOD

YEARLY AVERAGE

0.5282 JOD

2023 SGD to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.5435. Conversely, the yearly low was recorded on October 18, dropping to 0.5164.

This high-to-low spread represents a total annual volatility of 0.0270 JOD. From a start-to-finish perspective, comparing the January average rate of 0.5356 to the December average rate of 0.5329, the exchange rate registered a net change of -0.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5435 was up 2.71% compared to the 2022 peak of 0.5291, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,717 JOD

2022 Average 2,572 JOD

Yearly Trough Low 2,582 JOD

Transaction Impact: A difference of 135.16 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5373

0.5165

JanuMarcMayJulySeptNove

SGD 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 0.5310, compared to 0.5254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0056 points.

H1 Avg (Jan–Jun) 0.5310

H2 Avg (Jul–Dec) 0.5254

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0180 JOD (High: 0.5435 / Low: 0.5255). On the other end, October was the most stable month, with a tight range of 0.0044 JOD (High: 0.5208 / Low: 0.5164).

February Spread (Volatile) ±0.0180

October Spread (Stable) ±0.0044

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 0.0072 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.5322) against the same month in 2022 (average: 0.5262), the exchange rate shifted by +0.0060 (+1.14%).

2023 Avg (February) 0.5322

2022 Avg (February) 0.5262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5408	0.5271	0.5356
February	0.5435	0.5255	0.5322
March	0.5342	0.5237	0.5291
April	0.5364	0.5302	0.5326
May	0.5355	0.5237	0.5295
June	0.5307	0.5231	0.5269
July	0.5370	0.5242	0.5313
August	0.5307	0.5203	0.5241
September	0.5233	0.5170	0.5198
October	0.5208	0.5164	0.5183
November	0.5335	0.5192	0.5262
December	0.5378	0.5278	0.5329