2023 FJD to MYR Historical Review

YEARLY HIGH

2.1236 MYR

YEARLY LOW

1.9484 MYR

YEARLY AVERAGE

2.0446 MYR

2023 FJD to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 2.1236. Conversely, the yearly low was recorded on January 30, dropping to 1.9484.

This high-to-low spread represents a total annual volatility of 0.1752 MYR. From a start-to-finish perspective, comparing the January average rate of 1.9873 to the December average rate of 2.1024, the exchange rate registered a net change of 5.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1236 was up 1.17% compared to the 2022 peak of 2.0991, 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 10,618 MYR

2022 Average 10,047 MYR

Yearly Trough Low 9,742 MYR

Transaction Impact: A difference of 876.19 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1139

1.9758

JanuMarcMayJulySeptNove

FJD to MYR 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 2.0170, compared to 2.0723 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0553 points.

H1 Avg (Jan–Jun) 2.0170

H2 Avg (Jul–Dec) 2.0723

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0906 MYR (High: 2.1162 / Low: 2.0255). On the other end, April was the most stable month, with a tight range of 0.0289 MYR (High: 2.0121 / Low: 1.9833).

July Spread (Volatile) ±0.0906

April Spread (Stable) ±0.0289

Growth Streaks & Declines

Trends

Between January and March, 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 0.0274 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0274

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.1024) against the same month in 2022 (average: 1.9982), the exchange rate shifted by +0.1042 (+5.21%).

2023 Avg (December) 2.1024

2022 Avg (December) 1.9982

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0128	1.9484	1.9873
February	2.0242	1.9486	1.9896
March	2.0303	1.9945	2.0153
April	2.0121	1.9833	1.9992
May	2.0551	1.9927	2.0305
June	2.1057	2.0228	2.0799
July	2.1162	2.0255	2.0708
August	2.0635	2.0066	2.0433
September	2.0772	2.0461	2.0611
October	2.0994	2.0426	2.0800
November	2.1000	2.0413	2.0762
December	2.1236	2.0826	2.1024