2023 FKP to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 113.9472. Conversely, the yearly low was recorded on November 18, dropping to 85.6058.
This high-to-low spread represents a total annual volatility of 28.3414 AFN. From a start-to-finish perspective, comparing the January average rate of 108.7999 to the December average rate of 88.6025, the exchange rate registered a net change of -18.56% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 113.9472 was down 21.06% compared to the 2022 peak of 144.3479, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
FKP to AFN 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 108.3102, compared to 97.4457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.8645 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 10.9079 AFN (High: 102.5543 / Low: 91.6464). On the other end, March was the most stable month, with a tight range of 2.8496 AFN (High: 107.7182 / Low: 104.8685).
Growth Streaks & Declines
TrendsBetween 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 10.6707 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 111.5621) against the same month in 2022 (average: 106.5479), the exchange rate shifted by +5.0142 (+4.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110.9260 | 105.1168 | 108.7999 |
| February | 111.3919 | 105.8819 | 108.1618 |
| March | 107.7182 | 104.8685 | 106.3397 |
| April | 113.6979 | 105.9656 | 107.8250 |
| May | 111.1598 | 107.4102 | 109.1568 |
| June | 112.2100 | 107.6354 | 109.5780 |
| July | 113.9472 | 108.6368 | 111.5621 |
| August | 110.8486 | 102.8980 | 107.2339 |
| September | 102.5543 | 91.6464 | 96.5632 |
| October | 94.8020 | 89.1833 | 91.9259 |
| November | 91.7068 | 85.6058 | 88.7864 |
| December | 90.1613 | 86.9456 | 88.6025 |