2023 FJD to PKR Historical Review

YEARLY HIGH

135.6521 PKR

YEARLY LOW

102.0315 PKR

YEARLY AVERAGE

125.3077 PKR

2023 FJD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 135.6521. Conversely, the yearly low was recorded on January 1, dropping to 102.0315.

This high-to-low spread represents a total annual volatility of 33.6205 PKR. From a start-to-finish perspective, comparing the January average rate of 107.3424 to the December average rate of 127.3077, the exchange rate registered a net change of 18.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 135.6521 was up 23.82% compared to the 2022 peak of 109.5588, 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 678,260 PKR

2022 Average 466,728 PKR

Yearly Trough Low 510,158 PKR

Transaction Impact: A difference of 168,102.72 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

133.4771

104.9665

JanuMarcMayJulySeptNove

FJD to PKR 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 123.3379, compared to 127.2776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.9397 points.

H1 Avg (Jan–Jun) 123.3379

H2 Avg (Jul–Dec) 127.2776

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 21.9552 PKR (High: 123.9867 / Low: 102.0315). On the other end, December was the most stable month, with a tight range of 2.7431 PKR (High: 128.7770 / Low: 126.0339).

January Spread (Volatile) ±21.9552

December Spread (Stable) ±2.7431

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 8.6354 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.6354

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 131.1012) against the same month in 2022 (average: 102.0835), the exchange rate shifted by +29.0178 (+28.43%).

2023 Avg (September) 131.1012

2022 Avg (September) 102.0835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	123.9867	102.0315	107.3424
February	126.3562	115.2263	121.0120
March	128.5973	118.7231	126.3069
April	131.1027	124.7403	128.1733
May	133.8964	126.7496	128.4199
June	130.8302	126.5939	128.7730
July	129.3131	121.3250	126.9669
August	135.1267	125.2050	130.0781
September	135.6521	125.3473	131.1012
October	126.0592	120.1713	122.4658
November	128.4013	122.4527	125.7459
December	128.7770	126.0339	127.3077