2023 FKP to KRW Historical Review

YEARLY HIGH

1711.0200 KRW

YEARLY LOW

1497.3957 KRW

YEARLY AVERAGE

1624.3180 KRW

2023 FKP to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 1711.0200. Conversely, the yearly low was recorded on February 2, dropping to 1497.3957.

This high-to-low spread represents a total annual volatility of 213.6243 KRW. From a start-to-finish perspective, comparing the January average rate of 1521.2346 to the December average rate of 1648.3565, the exchange rate registered a net change of 8.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1711.0200 was up 3.61% compared to the 2022 peak of 1651.4393, 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 8,555,100 KRW

2022 Average 7,961,666 KRW

Yearly Trough Low 7,486,978 KRW

Transaction Impact: A difference of 1,068,121.72 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1697.1246

1505.2446

JanuMarcMayJulySeptNove

FKP to KRW 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 1598.0249, compared to 1650.6111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 52.5862 points.

H1 Avg (Jan–Jun) 1598.0249

H2 Avg (Jul–Dec) 1650.6111

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 93.3649 KRW (High: 1590.7606 / Low: 1497.3957). On the other end, October was the most stable month, with a tight range of 15.9509 KRW (High: 1650.6683 / Low: 1634.7174).

February Spread (Volatile) ±93.3649

October Spread (Stable) ±15.9509

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 28.8800 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -28.8800

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 1681.1346) against the same month in 2022 (average: 1580.4662), the exchange rate shifted by +100.6684 (+6.37%).

2023 Avg (August) 1681.1346

2022 Avg (August) 1580.4662

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1532.8586	1507.1218	1521.2346
February	1590.7606	1497.3957	1543.8501
March	1612.8363	1558.5401	1584.1759
April	1682.6698	1605.1730	1644.8077
May	1678.5820	1631.3712	1656.8993
June	1669.2250	1598.4642	1637.1815
July	1672.5571	1635.7849	1654.8488
August	1711.0200	1648.6083	1681.1346
September	1674.3872	1634.7086	1652.2546
October	1650.6683	1634.7174	1643.3768
November	1652.1539	1602.9500	1623.6952
December	1658.5059	1631.9704	1648.3565