2023 FJD to MMK Historical Review

YEARLY HIGH

976.1129 MMK

YEARLY LOW

911.2628 MMK

YEARLY AVERAGE

941.6761 MMK

2023 FJD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 976.1129. Conversely, the yearly low was recorded on November 13, dropping to 911.2628.

This high-to-low spread represents a total annual volatility of 64.8500 MMK. From a start-to-finish perspective, comparing the January average rate of 964.2386 to the December average rate of 948.9635, the exchange rate registered a net change of -1.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 976.1129 was down 1.57% compared to the 2022 peak of 991.6625, 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 4,880,564 MMK

2022 Average 4,402,228 MMK

Yearly Trough Low 4,556,314 MMK

Transaction Impact: A difference of 324,250.13 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

968.6784

915.4001

JanuMarcMayJulySeptNove

FJD to MMK 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 950.2967, compared to 933.0555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.2413 points.

H1 Avg (Jan–Jun) 950.2967

H2 Avg (Jul–Dec) 933.0555

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 32.7553 MMK (High: 947.0568 / Low: 914.3014). On the other end, September was the most stable month, with a tight range of 15.3913 MMK (High: 929.8035 / Low: 914.4123).

August Spread (Volatile) ±32.7553

September Spread (Stable) ±15.3913

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 14.8981 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -14.8981

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 964.2386) against the same month in 2022 (average: 834.5339), the exchange rate shifted by +129.7047 (+15.54%).

2023 Avg (January) 964.2386

2022 Avg (January) 834.5339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	976.1129	945.4320	964.2386
February	974.9458	942.7755	957.3239
March	952.0434	933.4081	945.4175
April	957.2052	931.9669	947.9161
May	958.2870	932.1960	943.4917
June	956.5443	928.8202	943.3926
July	963.0837	932.5462	945.7563
August	947.0568	914.3014	930.8582
September	929.8035	914.4123	924.5219
October	929.9393	914.0864	919.8399
November	943.0522	911.2628	928.3929
December	962.8903	937.5459	948.9635