2023 FJD to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FJD to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FJD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 8.8629. Conversely, the yearly low was recorded on August 27, dropping to 7.3795.
This high-to-low spread represents a total annual volatility of 1.4834 MXN. From a start-to-finish perspective, comparing the January average rate of 8.7070 to the December average rate of 7.7488, the exchange rate registered a net change of -11.01% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.8629 was down 12.58% compared to the 2022 peak of 10.1385, 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 MXN 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 8.2273, compared to 7.6905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5368 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.5095 MXN (High: 8.5566 / Low: 8.0470). On the other end, December was the most stable month, with a tight range of 0.1495 MXN (High: 7.8309 / Low: 7.6814).
Growth Streaks & Declines
TrendsBetween August and October, 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 October and November, when the average rate fell by 0.2380 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 8.7070) against the same month in 2022 (average: 9.6244), the exchange rate shifted by -0.9174 (-9.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.8629 | 8.6024 | 8.7070 |
| February | 8.7589 | 8.2568 | 8.4772 |
| March | 8.5566 | 8.0470 | 8.2989 |
| April | 8.3187 | 8.0369 | 8.1639 |
| May | 8.1163 | 7.8207 | 7.9685 |
| June | 7.8510 | 7.5588 | 7.7483 |
| July | 7.7322 | 7.4724 | 7.6290 |
| August | 7.7013 | 7.3795 | 7.5298 |
| September | 7.7429 | 7.5011 | 7.6166 |
| October | 8.0515 | 7.5741 | 7.9284 |
| November | 7.8110 | 7.5270 | 7.6904 |
| December | 7.8309 | 7.6814 | 7.7488 |