2023 FJD to INR Historical Review

YEARLY HIGH

38.0521 INR

YEARLY LOW

36.0685 INR

YEARLY AVERAGE

37.0400 INR

2023 FJD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 14, valuing the pair at 38.0521. Conversely, the yearly low was recorded on November 13, dropping to 36.0685.

This high-to-low spread represents a total annual volatility of 1.9836 INR. From a start-to-finish perspective, comparing the January average rate of 37.5234 to the December average rate of 37.5775, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.0521 was up 0.74% compared to the 2022 peak of 37.7736, 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 190,260 INR

2022 Average 179,536 INR

Yearly Trough Low 180,342 INR

Transaction Impact: A difference of 9,917.84 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

37.7818

36.3621

JanuMarcMayJulySeptNove

FJD to INR 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 37.2030, compared to 36.8770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3260 points.

H1 Avg (Jan–Jun) 37.2030

H2 Avg (Jul–Dec) 36.8770

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.4025 INR (High: 37.4710 / Low: 36.0685). On the other end, September was the most stable month, with a tight range of 0.5936 INR (High: 36.7990 / Low: 36.2054).

November Spread (Volatile) ±1.4025

September Spread (Stable) ±0.5936

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 February and March, when the average rate fell by 0.5852 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5852

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 37.6635) against the same month in 2022 (average: 35.1109), the exchange rate shifted by +2.5526 (+7.27%).

2023 Avg (February) 37.6635

2022 Avg (February) 35.1109

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.8731	37.0205	37.5234
February	38.0521	37.2753	37.6635
March	37.3521	36.6197	37.0783
April	37.3968	36.5871	37.0301
May	37.3674	36.5956	37.0016
June	37.2857	36.2629	36.9211
July	37.6899	36.5655	37.0599
August	37.3252	36.2111	36.7200
September	36.7990	36.2054	36.5686
October	36.8455	36.1225	36.4804
November	37.4710	36.0685	36.8555
December	38.0273	37.2002	37.5775