2023 FJD to MUR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FJD to MUR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FJD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 21.2875. Conversely, the yearly low was recorded on November 13, dropping to 19.1701.
This high-to-low spread represents a total annual volatility of 2.1174 MUR. From a start-to-finish perspective, comparing the January average rate of 20.2625 to the December average rate of 19.9277, the exchange rate registered a net change of -1.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 21.2875 was down 1.97% compared to the 2022 peak of 21.7161, 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 MUR 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 20.5615, compared to 19.9086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6529 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 1.2719 MUR (High: 20.6242 / Low: 19.3523). On the other end, October was the most stable month, with a tight range of 0.2461 MUR (High: 19.5640 / Low: 19.3180).
Growth Streaks & Declines
TrendsBetween April and July, 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 March and April, when the average rate fell by 0.5472 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 20.9448) against the same month in 2022 (average: 21.0692), the exchange rate shifted by -0.1244 (-0.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.9802 | 19.7580 | 20.2625 |
| February | 21.2020 | 20.4020 | 20.8396 |
| March | 21.2875 | 20.5610 | 20.9448 |
| April | 20.7152 | 20.1699 | 20.3976 |
| May | 20.6531 | 20.1647 | 20.4180 |
| June | 20.8136 | 20.1067 | 20.5065 |
| July | 20.8196 | 20.2358 | 20.5473 |
| August | 20.4537 | 19.7696 | 20.1647 |
| September | 20.6242 | 19.3523 | 19.8094 |
| October | 19.5640 | 19.3180 | 19.4294 |
| November | 19.8911 | 19.1701 | 19.5730 |
| December | 20.3909 | 19.6911 | 19.9277 |