2023 FKP to MDL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to MDL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 23.7511. Conversely, the yearly low was recorded on November 9, dropping to 21.7579.
This high-to-low spread represents a total annual volatility of 1.9932 MDL. From a start-to-finish perspective, comparing the January average rate of 23.2511 to the December average rate of 22.2994, the exchange rate registered a net change of -4.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.7511 was down 3.76% compared to the 2022 peak of 24.6781, 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 MDL 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 22.6202, compared to 22.3856 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2347 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.5191 MDL (High: 23.7511 / Low: 22.2320). On the other end, September was the most stable month, with a tight range of 0.4586 MDL (High: 22.4426 / Low: 21.9840).
Growth Streaks & Declines
TrendsBetween May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6050 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 23.0500) against the same month in 2022 (average: 23.1102), the exchange rate shifted by -0.0602 (-0.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.4985 | 22.8537 | 23.2511 |
| February | 23.2655 | 22.3974 | 22.6461 |
| March | 22.8071 | 22.1419 | 22.5846 |
| April | 22.8341 | 22.1293 | 22.4498 |
| May | 22.5069 | 21.8654 | 22.1683 |
| June | 23.2049 | 22.0915 | 22.6215 |
| July | 23.7511 | 22.2320 | 23.0500 |
| August | 22.7109 | 22.2267 | 22.4538 |
| September | 22.4426 | 21.9840 | 22.2642 |
| October | 22.3267 | 21.8235 | 22.0667 |
| November | 22.5650 | 21.7579 | 22.1794 |
| December | 22.6680 | 22.0302 | 22.2994 |