2023 FJD to NGN Historical Review

YEARLY HIGH

409.4248 NGN

YEARLY LOW

201.2975 NGN

YEARLY AVERAGE

283.8181 NGN

2023 FJD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 409.4248. Conversely, the yearly low was recorded on January 1, dropping to 201.2975.

This high-to-low spread represents a total annual volatility of 208.1272 NGN. From a start-to-finish perspective, comparing the January average rate of 208.7450 to the December average rate of 365.7595, the exchange rate registered a net change of 75.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 409.4248 was up 100.73% compared to the 2022 peak of 203.9699, 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 2,047,124 NGN

2022 Average 967,989 NGN

Yearly Trough Low 1,006,488 NGN

Transaction Impact: A difference of 1,040,636.05 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

381.6094

191.4111

JanuMarcMayJulySeptNove

FJD to NGN 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 218.5153, compared to 349.1210 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 130.6056 points.

H1 Avg (Jan–Jun) 218.5153

H2 Avg (Jul–Dec) 349.1210

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 164.3371 NGN (High: 368.2409 / Low: 203.9038). On the other end, March was the most stable month, with a tight range of 3.8549 NGN (High: 208.6972 / Low: 204.8423).

June Spread (Volatile) ±164.3371

March Spread (Stable) ±3.8549

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 10.1738 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -10.1738

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 365.7595) against the same month in 2022 (average: 201.6999), the exchange rate shifted by +164.0596 (+81.34%).

2023 Avg (December) 365.7595

2022 Avg (December) 201.6999

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	213.8400	201.2975	208.7450
February	212.8706	206.8220	209.8378
March	208.6972	204.8423	207.2609
April	210.8700	205.2002	208.4197
May	210.3481	204.5460	207.3573
June	368.2409	203.9038	269.4712
July	357.0321	339.6702	350.3645
August	346.3147	333.5275	340.1908
September	347.8831	328.7227	340.8473
October	387.2788	333.8577	343.1038
November	365.9476	343.9589	354.4598
December	409.4248	345.6930	365.7595