2023 FKP to FJD Historical Review

YEARLY HIGH

2.9243 FJD

YEARLY LOW

2.6183 FJD

YEARLY AVERAGE

2.7728 FJD

2023 FKP to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 2.9243. Conversely, the yearly low was recorded on February 5, dropping to 2.6183.

This high-to-low spread represents a total annual volatility of 0.3060 FJD. From a start-to-finish perspective, comparing the January average rate of 2.6667 to the December average rate of 2.8059, the exchange rate registered a net change of 5.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9243 was up 0.46% compared to the 2022 peak of 2.9108, 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 14,622 FJD

2022 Average 13,516 FJD

Yearly Trough Low 13,091 FJD

Transaction Impact: A difference of 1,530.12 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8873

2.6250

JanuMarcMayJulySeptNove

FKP to FJD 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 2.7248, compared to 2.8209 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0960 points.

H1 Avg (Jan–Jun) 2.7248

H2 Avg (Jul–Dec) 2.8209

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.1064 FJD (High: 2.8588 / Low: 2.7524). On the other end, December was the most stable month, with a tight range of 0.0404 FJD (High: 2.8275 / Low: 2.7871).

September Spread (Volatile) ±0.1064

December Spread (Stable) ±0.0404

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0523 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0523

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 2.8655) against the same month in 2022 (average: 2.6299), the exchange rate shifted by +0.2356 (+8.96%).

2023 Avg (August) 2.8655

2022 Avg (August) 2.6299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6982	2.6325	2.6667
February	2.6837	2.6183	2.6468
March	2.7326	2.6430	2.6924
April	2.7965	2.7221	2.7545
May	2.8088	2.7593	2.7759
June	2.8596	2.7733	2.8127
July	2.8831	2.8250	2.8563
August	2.9243	2.8279	2.8655
September	2.8588	2.7524	2.8131
October	2.8028	2.7522	2.7765
November	2.8513	2.7685	2.8078
December	2.8275	2.7871	2.8059