2023 FKP to MMK Historical Review

YEARLY HIGH

2756.3114 MMK

YEARLY LOW

2483.1456 MMK

YEARLY AVERAGE

2610.5645 MMK

2023 FKP to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 2756.3114. Conversely, the yearly low was recorded on March 7, dropping to 2483.1456.

This high-to-low spread represents a total annual volatility of 273.1658 MMK. From a start-to-finish perspective, comparing the January average rate of 2571.3250 to the December average rate of 2662.6654, the exchange rate registered a net change of 3.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2756.3114 was up 5.64% compared to the 2022 peak of 2609.1309, 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 13,781,557 MMK

2022 Average 11,885,423 MMK

Yearly Trough Low 12,415,728 MMK

Transaction Impact: A difference of 1,365,829.08 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2718.1474

2517.0596

JanuMarcMayJulySeptNove

FKP to MMK 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 2589.0100, compared to 2632.1190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 43.1090 points.

H1 Avg (Jan–Jun) 2589.0100

H2 Avg (Jul–Dec) 2632.1190

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 118.3835 MMK (High: 2601.5291 / Low: 2483.1456). On the other end, August was the most stable month, with a tight range of 47.4635 MMK (High: 2688.0979 / Low: 2640.6344).

March Spread (Volatile) ±118.3835

August Spread (Stable) ±47.4635

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 August and September, when the average rate fell by 66.3613 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -66.3613

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2701.3901) against the same month in 2022 (average: 2223.2663), the exchange rate shifted by +478.1238 (+21.51%).

2023 Avg (July) 2701.3901

2022 Avg (July) 2223.2663

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2609.3643	2502.2901	2571.3250
February	2601.2042	2507.3249	2533.8169
March	2601.5291	2483.1456	2545.4709
April	2640.4127	2574.5216	2610.9783
May	2654.1347	2585.7559	2618.9879
June	2695.6441	2606.1053	2653.4810
July	2756.3114	2648.8207	2701.3901
August	2688.0979	2640.6344	2667.1744
September	2653.0186	2550.7374	2600.8131
October	2586.5686	2537.3066	2553.9708
November	2667.8687	2555.5074	2606.7003
December	2687.9349	2635.4765	2662.6654