2023 FKP to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 86.2372. Conversely, the yearly low was recorded on March 7, dropping to 72.4998.
This high-to-low spread represents a total annual volatility of 13.7374 GMD. From a start-to-finish perspective, comparing the January average rate of 75.9446 to the December average rate of 85.3099, the exchange rate registered a net change of 12.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 86.2372 was up 11.91% compared to the 2022 peak of 77.0583, 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 GMD 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 75.1510, compared to 79.7700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.6190 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 6.3200 GMD (High: 85.5589 / Low: 79.2388). On the other end, August was the most stable month, with a tight range of 0.9631 GMD (High: 77.4704 / Low: 76.5073).
Growth Streaks & Declines
TrendsBetween May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.3900 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 85.3099) against the same month in 2022 (average: 75.5553), the exchange rate shifted by +9.7546 (+12.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 77.3362 | 73.9548 | 75.9446 |
| February | 76.3080 | 72.9656 | 73.7127 |
| March | 77.0065 | 72.4998 | 74.5212 |
| April | 78.0191 | 75.2885 | 76.9737 |
| May | 76.0868 | 73.3459 | 74.5837 |
| June | 76.2221 | 73.9420 | 75.1704 |
| July | 78.3106 | 75.5987 | 76.8152 |
| August | 77.4704 | 76.5073 | 76.9481 |
| September | 79.3910 | 74.9972 | 76.5517 |
| October | 80.9118 | 78.4925 | 79.8556 |
| November | 85.5589 | 79.2388 | 83.1397 |
| December | 86.2372 | 84.5108 | 85.3099 |