2023 FJD to CVE Historical Review

YEARLY HIGH

47.9161 CVE

YEARLY LOW

44.1172 CVE

YEARLY AVERAGE

45.7967 CVE

2023 FJD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 47.9161. Conversely, the yearly low was recorded on November 18, dropping to 44.1172.

This high-to-low spread represents a total annual volatility of 3.7989 CVE. From a start-to-finish perspective, comparing the January average rate of 47.0542 to the December average rate of 45.6671, the exchange rate registered a net change of -2.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 47.9161 was down 6.52% compared to the 2022 peak of 51.2587, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 239,580 CVE

2022 Average 240,020 CVE

Yearly Trough Low 220,586 CVE

Transaction Impact: A difference of 18,994.27 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

47.2778

44.5948

JanuMarcMayJulySeptNove

FJD to CVE 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 46.2565, compared to 45.3370 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9195 points.

H1 Avg (Jan–Jun) 46.2565

H2 Avg (Jul–Dec) 45.3370

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.6380 CVE (High: 47.3159 / Low: 44.6779). On the other end, October was the most stable month, with a tight range of 0.9691 CVE (High: 46.3271 / Low: 45.3580).

June Spread (Volatile) ±2.6380

October Spread (Stable) ±0.9691

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 0.9677 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9677

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 47.0542) against the same month in 2022 (average: 45.8638), the exchange rate shifted by +1.1904 (+2.60%).

2023 Avg (January) 47.0542

2022 Avg (January) 45.8638

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.9161	46.5004	47.0542
February	47.4380	46.4053	46.9774
March	47.1306	45.8091	46.4686
April	46.2656	44.5996	45.5009
May	46.2583	44.8229	45.6930
June	47.3159	44.6779	45.8450
July	45.7834	44.2218	45.0104
August	45.3529	44.3206	44.8184
September	46.0244	44.9858	45.4753
October	46.3271	45.3580	45.7971
November	46.5328	44.1172	45.2536
December	46.6926	45.3567	45.6671