2023 FJD to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FJD to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FJD to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 282.0719. Conversely, the yearly low was recorded on August 18, dropping to 262.3073.
This high-to-low spread represents a total annual volatility of 19.7646 XAF. From a start-to-finish perspective, comparing the January average rate of 279.1965 to the December average rate of 271.0851, the exchange rate registered a net change of -2.91% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 282.0719 was down 6.64% compared to the 2022 peak of 302.1476, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FJD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
FJD to XAF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 274.5226, compared to 269.3375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.1851 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 9.5516 XAF (High: 272.0578 / Low: 262.5062). On the other end, December was the most stable month, with a tight range of 3.7028 XAF (High: 272.3011 / Low: 268.5983).
Growth Streaks & Declines
TrendsBetween April and June, 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 March and April, when the average rate fell by 6.2866 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 279.1965) against the same month in 2022 (average: 272.0061), the exchange rate shifted by +7.1904 (+2.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 282.0719 | 275.6696 | 279.1965 |
| February | 280.8262 | 274.9356 | 279.3749 |
| March | 279.5497 | 272.6757 | 276.0212 |
| April | 274.0243 | 265.1643 | 269.7345 |
| May | 273.9017 | 265.1962 | 271.0149 |
| June | 274.8184 | 265.6740 | 271.7935 |
| July | 271.4346 | 263.2557 | 267.4682 |
| August | 268.7555 | 262.3073 | 266.5158 |
| September | 273.8774 | 268.8874 | 270.4966 |
| October | 274.9534 | 269.3055 | 272.1347 |
| November | 272.0578 | 262.5062 | 268.3247 |
| December | 272.3011 | 268.5983 | 271.0851 |