2023 FKP to BBD Historical Review

YEARLY HIGH

2.6257 BBD

YEARLY LOW

2.3654 BBD

YEARLY AVERAGE

2.4873 BBD

2023 FKP to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 2.6257. Conversely, the yearly low was recorded on March 7, dropping to 2.3654.

This high-to-low spread represents a total annual volatility of 0.2603 BBD. From a start-to-finish perspective, comparing the January average rate of 2.4488 to the December average rate of 2.5332, the exchange rate registered a net change of 3.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6257 was down 4.27% compared to the 2022 peak of 2.7427, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 FKP based on timing:

Yearly Peak High 13,128 BBD

2022 Average 12,369 BBD

Yearly Trough Low 11,827 BBD

Transaction Impact: A difference of 1,301.30 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5921

2.3966

JanuMarcMayJulySeptNove

FKP to BBD 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 2.4670, compared to 2.5077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0408 points.

H1 Avg (Jan–Jun) 2.4670

H2 Avg (Jul–Dec) 2.5077

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1119 BBD (High: 2.4773 / Low: 2.3654). On the other end, August was the most stable month, with a tight range of 0.0435 BBD (High: 2.5591 / Low: 2.5156).

March Spread (Volatile) ±0.1119

August Spread (Stable) ±0.0435

Growth Streaks & Declines

Trends

Between February and July, 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 August and September, when the average rate fell by 0.0627 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0627

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.5758) against the same month in 2022 (average: 2.4022), the exchange rate shifted by +0.1737 (+7.23%).

2023 Avg (July) 2.5758

2022 Avg (July) 2.4022

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4829	2.3818	2.4488
February	2.4775	2.3884	2.4129
March	2.4773	2.3654	2.4278
April	2.5149	2.4572	2.4892
May	2.5278	2.4633	2.4954
June	2.5664	2.4859	2.5276
July	2.6257	2.5384	2.5758
August	2.5591	2.5156	2.5402
September	2.5246	2.4271	2.4775
October	2.4631	2.4154	2.4341
November	2.5426	2.4362	2.4855
December	2.5599	2.5096	2.5332