2023 FKP to BND Historical Review

YEARLY HIGH

1.7401 BND

YEARLY LOW

1.5790 BND

YEARLY AVERAGE

1.6696 BND

2023 FKP to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 1.7401. Conversely, the yearly low was recorded on February 3, dropping to 1.5790.

This high-to-low spread represents a total annual volatility of 0.1611 BND. From a start-to-finish perspective, comparing the January average rate of 1.6246 to the December average rate of 1.6875, the exchange rate registered a net change of 3.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7401 was down 6.03% compared to the 2022 peak of 1.8517, 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 8,700 BND

2022 Average 8,519 BND

Yearly Trough Low 7,895 BND

Transaction Impact: A difference of 805.29 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7298

1.5956

JanuMarcMayJulySeptNove

FKP to BND 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 1.6474, compared to 1.6917 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0443 points.

H1 Avg (Jan–Jun) 1.6474

H2 Avg (Jul–Dec) 1.6917

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0541 BND (High: 1.6463 / Low: 1.5921). On the other end, December was the most stable month, with a tight range of 0.0211 BND (High: 1.7007 / Low: 1.6796).

March Spread (Volatile) ±0.0541

December Spread (Stable) ±0.0211

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 0.0278 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0278

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.7186) against the same month in 2022 (average: 1.6745), the exchange rate shifted by +0.0441 (+2.64%).

2023 Avg (July) 1.7186

2022 Avg (July) 1.6745

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6423	1.5962	1.6246
February	1.6273	1.5790	1.6068
March	1.6463	1.5921	1.6263
April	1.6811	1.6311	1.6555
May	1.6859	1.6542	1.6705
June	1.7220	1.6748	1.7007
July	1.7401	1.6990	1.7186
August	1.7320	1.7002	1.7153
September	1.7144	1.6615	1.6875
October	1.6807	1.6561	1.6658
November	1.6999	1.6567	1.6756
December	1.7007	1.6796	1.6875