2023 FJD to IRR Historical Review

YEARLY HIGH

19609.6654 IRR

YEARLY LOW

18329.8285 IRR

YEARLY AVERAGE

18939.8665 IRR

2023 FJD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 19609.6654. Conversely, the yearly low was recorded on November 13, dropping to 18329.8285.

This high-to-low spread represents a total annual volatility of 1279.8369 IRR. From a start-to-finish perspective, comparing the January average rate of 19255.1338 to the December average rate of 19063.3301, the exchange rate registered a net change of -1.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 19609.6654 was down 3.59% compared to the 2022 peak of 20340.0413, 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 98,048,327 IRR

2022 Average 96,623,383 IRR

Yearly Trough Low 91,649,143 IRR

Transaction Impact: A difference of 6,399,184.55 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19328.6906

18446.0084

JanuMarcMayJulySeptNove

FJD to IRR 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 19099.6066, compared to 18780.1263 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 319.4803 points.

H1 Avg (Jan–Jun) 19099.6066

H2 Avg (Jul–Dec) 18780.1263

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 770.0252 IRR (High: 19609.6654 / Low: 18839.6402). On the other end, October was the most stable month, with a tight range of 319.2725 IRR (High: 18693.7086 / Low: 18374.4361).

January Spread (Volatile) ±770.0252

October Spread (Stable) ±319.2725

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 306.2311 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -306.2311

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 19255.1338) against the same month in 2022 (average: 19839.6888), the exchange rate shifted by -584.5551 (-2.95%).

2023 Avg (January) 19255.1338

2022 Avg (January) 19839.6888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19609.6654	18839.6402	19255.1338
February	19481.1789	18797.2369	19243.6762
March	19151.4437	18768.4263	19009.5528
April	19243.0243	18896.3883	19094.3535
May	19276.8063	18778.7175	19000.6294
June	19235.0585	18683.6870	18994.2939
July	19399.3209	18764.1522	19047.6867
August	19074.2911	18408.8484	18741.4556
September	18695.1039	18372.1183	18605.5093
October	18693.7086	18374.4361	18519.5653
November	18992.2481	18329.8285	18703.2110
December	19226.3962	18873.9282	19063.3301