2023 FJD to TOP Historical Review

YEARLY HIGH

1.0794 TOP

YEARLY LOW

1.0388 TOP

YEARLY AVERAGE

1.0595 TOP

2023 FJD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 1.0794. Conversely, the yearly low was recorded on November 16, dropping to 1.0388.

This high-to-low spread represents a total annual volatility of 0.0406 TOP. From a start-to-finish perspective, comparing the January average rate of 1.0696 to the December average rate of 1.0607, the exchange rate registered a net change of -0.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0794 was down 1.40% compared to the 2022 peak of 1.0948, 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 5,397 TOP

2022 Average 5,325 TOP

Yearly Trough Low 5,194 TOP

Transaction Impact: A difference of 203.08 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0715

1.0489

JanuMarcMayJulySeptNove

FJD to TOP 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 1.0636, compared to 1.0554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 1.0636

H2 Avg (Jul–Dec) 1.0554

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0347 TOP (High: 1.0794 / Low: 1.0448). On the other end, March was the most stable month, with a tight range of 0.0125 TOP (High: 1.0686 / Low: 1.0561).

July Spread (Volatile) ±0.0347

March Spread (Stable) ±0.0125

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 July and August, when the average rate fell by 0.0045 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.0587) against the same month in 2022 (average: 1.0638), the exchange rate shifted by -0.0050 (-0.47%).

2023 Avg (July) 1.0587

2022 Avg (July) 1.0638

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0788	1.0540	1.0696
February	1.0733	1.0568	1.0653
March	1.0686	1.0561	1.0634
April	1.0719	1.0533	1.0633
May	1.0706	1.0519	1.0603
June	1.0671	1.0414	1.0595
July	1.0794	1.0448	1.0587
August	1.0682	1.0399	1.0542
September	1.0583	1.0403	1.0529
October	1.0571	1.0394	1.0508
November	1.0653	1.0388	1.0550
December	1.0666	1.0531	1.0607