2023 FKP to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 19763.9700. Conversely, the yearly low was recorded on February 16, dropping to 18138.9907.
This high-to-low spread represents a total annual volatility of 1624.9793 IDR. From a start-to-finish perspective, comparing the January average rate of 18660.4671 to the December average rate of 19610.6431, the exchange rate registered a net change of 5.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 19763.9700 was up 0.72% compared to the 2022 peak of 19622.7398, 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 IDR 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 18574.3092, compared to 19329.7679 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 755.4587 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 739.6258 IDR (High: 19207.8854 / Low: 18468.2596). On the other end, May was the most stable month, with a tight range of 333.5300 IDR (High: 18657.1046 / Low: 18323.5746).
Growth Streaks & Declines
TrendsBetween April and July, 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 January and February, when the average rate fell by 364.8081 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 19610.6431) against the same month in 2022 (average: 18953.0091), the exchange rate shifted by +657.6340 (+3.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 18991.4287 | 18442.5355 | 18660.4671 |
| February | 18493.9916 | 18138.9907 | 18295.6590 |
| March | 18851.8820 | 18265.5219 | 18567.9598 |
| April | 18698.9629 | 18228.2899 | 18508.8679 |
| May | 18657.1046 | 18323.5746 | 18522.9904 |
| June | 19207.8854 | 18468.2596 | 18889.9112 |
| July | 19646.8739 | 19033.2931 | 19394.6296 |
| August | 19596.1310 | 19198.7065 | 19389.8720 |
| September | 19256.9967 | 18795.4985 | 19045.1480 |
| October | 19481.5478 | 18789.9113 | 19180.5797 |
| November | 19651.0601 | 19180.2762 | 19357.7350 |
| December | 19763.9700 | 19386.3268 | 19610.6431 |