2023 BMD to FJD Historical Review

YEARLY HIGH

2.3064 FJD

YEARLY LOW

2.1520 FJD

YEARLY AVERAGE

2.2296 FJD

2023 BMD to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BMD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 2.3064. Conversely, the yearly low was recorded on January 25, dropping to 2.1520.

This high-to-low spread represents a total annual volatility of 0.1543 FJD. From a start-to-finish perspective, comparing the January average rate of 2.1781 to the December average rate of 2.2154, the exchange rate registered a net change of 1.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3064 was down 1.30% compared to the 2022 peak of 2.3367, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,532 FJD

2022 Average 10,945 FJD

Yearly Trough Low 10,760 FJD

Transaction Impact: A difference of 771.75 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2917

2.1677

JanuMarcMayJulySeptNove

BMD to FJD 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 2.2090, compared to 2.2502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0412 points.

H1 Avg (Jan–Jun) 2.2090

H2 Avg (Jul–Dec) 2.2502

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0811 FJD (High: 2.3064 / Low: 2.2252). On the other end, March was the most stable month, with a tight range of 0.0327 FJD (High: 2.2388 / Low: 2.2061).

November Spread (Volatile) ±0.0811

March Spread (Stable) ±0.0327

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.0441 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0441

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.2595) against the same month in 2022 (average: 2.2445), the exchange rate shifted by +0.0150 (+0.67%).

2023 Avg (November) 2.2595

2022 Avg (November) 2.2445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2214	2.1520	2.1781
February	2.2193	2.1665	2.1940
March	2.2388	2.2061	2.2180
April	2.2372	2.1959	2.2132
May	2.2525	2.1930	2.2249
June	2.2629	2.1969	2.2258
July	2.2523	2.1792	2.2180
August	2.2965	2.2183	2.2561
September	2.2990	2.2599	2.2710
October	2.2987	2.2595	2.2814
November	2.3064	2.2252	2.2595
December	2.2397	2.1897	2.2154