2023 FJD to TRY Historical Review

YEARLY HIGH

13.4835 TRY

YEARLY LOW

8.4143 TRY

YEARLY AVERAGE

10.6564 TRY

2023 FJD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 13.4835. Conversely, the yearly low was recorded on January 1, dropping to 8.4143.

This high-to-low spread represents a total annual volatility of 5.0692 TRY. From a start-to-finish perspective, comparing the January average rate of 8.6234 to the December average rate of 13.1371, the exchange rate registered a net change of 52.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.4835 was up 58.05% compared to the 2022 peak of 8.5311, 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 67,418 TRY

2022 Average 37,791 TRY

Yearly Trough Low 42,071 TRY

Transaction Impact: A difference of 25,346.16 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.5941

8.1097

JanuMarcMayJulySeptNove

FJD to TRY 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 9.0109, compared to 12.3020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2911 points.

H1 Avg (Jan–Jun) 9.0109

H2 Avg (Jul–Dec) 12.3020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.4111 TRY (High: 11.7291 / Low: 9.3180). On the other end, April was the most stable month, with a tight range of 0.1412 TRY (High: 8.8072 / Low: 8.6660).

June Spread (Volatile) ±2.4111

April Spread (Stable) ±0.1412

Growth Streaks & Declines

Trends

Between March and July, 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 August and September, when the average rate fell by 0.0381 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0381

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 13.1371) against the same month in 2022 (average: 8.4473), the exchange rate shifted by +4.6898 (+55.52%).

2023 Avg (December) 13.1371

2022 Avg (December) 8.4473

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.7395	8.4143	8.6234
February	8.6866	8.5010	8.5916
March	8.6944	8.4678	8.5667
April	8.8072	8.6660	8.7401
May	9.2185	8.7170	8.8867
June	11.7291	9.3180	10.6565
July	12.2819	11.5572	11.9373
August	12.1762	11.4337	11.9320
September	12.0682	11.7748	11.8939
October	12.3949	11.9583	12.2245
November	12.9979	12.3763	12.6873
December	13.4835	12.9120	13.1371