2023 FJD to NPR Historical Review

YEARLY HIGH

61.0309 NPR

YEARLY LOW

57.8500 NPR

YEARLY AVERAGE

59.2477 NPR

2023 FJD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 61.0309. Conversely, the yearly low was recorded on November 13, dropping to 57.8500.

This high-to-low spread represents a total annual volatility of 3.1809 NPR. From a start-to-finish perspective, comparing the January average rate of 60.1099 to the December average rate of 60.1799, the exchange rate registered a net change of 0.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 61.0309 was up 0.92% compared to the 2022 peak of 60.4775, 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 305,155 NPR

2022 Average 287,168 NPR

Yearly Trough Low 289,250 NPR

Transaction Impact: A difference of 15,904.61 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

60.4260

58.1239

JanuMarcMayJulySeptNove

FJD to NPR 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 59.5192, compared to 58.9761 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5431 points.

H1 Avg (Jan–Jun) 59.5192

H2 Avg (Jul–Dec) 58.9761

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.2090 NPR (High: 60.7350 / Low: 58.5261). On the other end, September was the most stable month, with a tight range of 0.9029 NPR (High: 58.8682 / Low: 57.9652).

July Spread (Volatile) ±2.2090

September Spread (Stable) ±0.9029

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 February and March, when the average rate fell by 0.9299 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 60.1799) against the same month in 2022 (average: 59.7462), the exchange rate shifted by +0.4337 (+0.73%).

2023 Avg (December) 60.1799

2022 Avg (December) 59.7462

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.7015	59.4803	60.1099
February	60.7833	59.4788	60.2342
March	59.8237	58.3257	59.3043
April	59.9714	58.0874	59.2067
May	59.8909	58.5422	59.1757
June	59.8273	58.0489	59.0844
July	60.7350	58.5261	59.2299
August	59.6347	57.9085	58.7303
September	58.8682	57.9652	58.4826
October	58.9762	57.8903	58.3158
November	59.8828	57.8500	58.9183
December	61.0309	59.5100	60.1799