2024 FKP to IDR Historical Review

YEARLY HIGH

21017.9312 IDR

YEARLY LOW

19572.2732 IDR

YEARLY AVERAGE

20273.1615 IDR

2024 FKP to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 21017.9312. Conversely, the yearly low was recorded on January 2, dropping to 19572.2732.

This high-to-low spread represents a total annual volatility of 1445.6579 IDR. From a start-to-finish perspective, comparing the January average rate of 19851.3328 to the December average rate of 20298.1035, the exchange rate registered a net change of 2.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 21017.9312 was up 6.34% compared to the 2023 peak of 19763.9700, 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 105,089,656 IDR

2023 Average 94,787,256 IDR

Yearly Trough Low 97,861,366 IDR

Transaction Impact: A difference of 7,228,289.73 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

21025.1229

19672.3381

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 20141.2362, compared to 20405.0867 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 263.8505 points.

H1 Avg (Jan–Jun) 20141.2362

H2 Avg (Jul–Dec) 20405.0867

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 692.5950 IDR (High: 20743.4886 / Low: 20050.8936). On the other end, March was the most stable month, with a tight range of 214.2568 IDR (High: 20088.2058 / Low: 19873.9490).

August Spread (Volatile) ±692.5950

March Spread (Stable) ±214.2568

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 July and August, when the average rate fell by 515.4383 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -515.4383

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 20912.3908) against the same month in 2023 (average: 19394.6296), the exchange rate shifted by +1517.7613 (+7.83%).

2024 Avg (July) 20912.3908

2023 Avg (July) 19394.6296

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20132.8751	19572.2732	19851.3328
February	20053.8777	19664.7855	19785.0702
March	20088.2058	19873.9490	19971.2530
April	20398.0874	19993.5944	20149.0148
May	20704.1270	20037.5185	20299.8669
June	20935.2028	20680.2916	20790.8798
July	21017.9312	20731.3457	20912.3908
August	20743.4886	20050.8936	20396.9525
September	20441.9665	20137.3270	20268.3714
October	20608.5934	20195.5692	20360.5303
November	20531.0830	19910.8087	20194.1717
December	20427.8052	20118.3144	20298.1035