2023 FJD to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FJD to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FJD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 66.8494. Conversely, the yearly low was recorded on August 18, dropping to 57.5671.
This high-to-low spread represents a total annual volatility of 9.2823 ISK. From a start-to-finish perspective, comparing the January average rate of 65.6120 to the December average rate of 62.2237, the exchange rate registered a net change of -5.16% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 66.8494 was up 2.10% compared to the 2022 peak of 65.4756, 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 ISK 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 63.2919, compared to 60.4561 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8358 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 3.0975 ISK (High: 66.8494 / Low: 63.7520). On the other end, December was the most stable month, with a tight range of 1.1446 ISK (High: 62.7996 / Low: 61.6550).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.1301 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 65.6120) against the same month in 2022 (average: 60.5539), the exchange rate shifted by +5.0581 (+8.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 66.8494 | 63.7520 | 65.6120 |
| February | 66.0691 | 64.3403 | 65.2108 |
| March | 64.3917 | 61.5657 | 63.0807 |
| April | 62.3233 | 60.7590 | 61.6751 |
| May | 63.3479 | 60.6882 | 62.2344 |
| June | 63.0499 | 60.1459 | 61.9383 |
| July | 61.4531 | 58.6668 | 59.8285 |
| August | 59.4464 | 57.5671 | 58.4378 |
| September | 60.5843 | 58.3713 | 59.5882 |
| October | 61.4905 | 59.9554 | 60.7511 |
| November | 62.9411 | 60.9507 | 61.9071 |
| December | 62.7996 | 61.6550 | 62.2237 |