2023 FJD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FJD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FJD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 25.7065. Conversely, the yearly low was recorded on August 18, dropping to 23.9239.
This high-to-low spread represents a total annual volatility of 1.7826 ETB. From a start-to-finish perspective, comparing the January average rate of 24.6274 to the December average rate of 25.3515, the exchange rate registered a net change of 2.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.7065 was up 3.67% compared to the 2022 peak of 24.7954, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FJD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
FJD to ETB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.4641, compared to 24.6425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1784 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.9692 ETB (High: 25.1714 / Low: 24.2022). On the other end, September was the most stable month, with a tight range of 0.4027 ETB (High: 24.4675 / Low: 24.0648).
Growth Streaks & Declines
TrendsBetween 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 0.3056 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 25.3515) against the same month in 2022 (average: 24.2455), the exchange rate shifted by +1.1059 (+4.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.9392 | 24.1376 | 24.6274 |
| February | 24.8603 | 24.1316 | 24.4810 |
| March | 24.4366 | 23.9303 | 24.2342 |
| April | 24.7836 | 24.1012 | 24.4786 |
| May | 24.8218 | 24.1362 | 24.4397 |
| June | 24.9261 | 24.1862 | 24.5237 |
| July | 25.2436 | 24.3203 | 24.7217 |
| August | 24.8350 | 23.9239 | 24.4161 |
| September | 24.4675 | 24.0648 | 24.3155 |
| October | 24.6439 | 24.1355 | 24.3757 |
| November | 25.1714 | 24.2022 | 24.6745 |
| December | 25.7065 | 24.8764 | 25.3515 |