2023 FJD to LKR Historical Review

YEARLY HIGH

170.0289 LKR

YEARLY LOW

128.7422 LKR

YEARLY AVERAGE

147.4847 LKR

2023 FJD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 170.0289. Conversely, the yearly low was recorded on June 4, dropping to 128.7422.

This high-to-low spread represents a total annual volatility of 41.2867 LKR. From a start-to-finish perspective, comparing the January average rate of 167.9186 to the December average rate of 147.4924, the exchange rate registered a net change of -12.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 170.0289 was down 0.27% compared to the 2022 peak of 170.4872, 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 850,144 LKR

2022 Average 738,388 LKR

Yearly Trough Low 643,711 LKR

Transaction Impact: A difference of 206,433.37 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

171.1102

132.8103

JanuMarcMayJulySeptNove

FJD to LKR 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 150.9783, compared to 143.9912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.9870 points.

H1 Avg (Jan–Jun) 150.9783

H2 Avg (Jul–Dec) 143.9912

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 18.8281 LKR (High: 163.2926 / Low: 144.4646). On the other end, October was the most stable month, with a tight range of 2.1933 LKR (High: 143.5558 / Low: 141.3626).

March Spread (Volatile) ±18.8281

October Spread (Stable) ±2.1933

Growth Streaks & Declines

Trends

Between 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 February and March, when the average rate fell by 15.6312 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -15.6312

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 167.9186) against the same month in 2022 (average: 95.0848), the exchange rate shifted by +72.8337 (+76.60%).

2023 Avg (January) 167.9186

2022 Avg (January) 95.0848

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	170.0289	165.3568	167.9186
February	169.4547	163.2597	166.4028
March	163.2926	144.4646	150.7716
April	149.3136	142.2033	145.4760
May	145.3816	130.5439	139.2988
June	143.6005	128.7422	136.0019
July	149.7262	136.5024	143.9994
August	145.9774	139.1669	142.6262
September	143.7180	141.0182	142.3118
October	143.5558	141.3626	142.4412
November	147.9771	141.9015	145.0762
December	148.6413	146.0761	147.4924