2023 FKP to MOP Historical Review

YEARLY HIGH

10.5775 MOP

YEARLY LOW

9.5598 MOP

YEARLY AVERAGE

10.0250 MOP

2023 FKP to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 10.5775. Conversely, the yearly low was recorded on March 7, dropping to 9.5598.

This high-to-low spread represents a total annual volatility of 1.0176 MOP. From a start-to-finish perspective, comparing the January average rate of 9.8620 to the December average rate of 10.2006, the exchange rate registered a net change of 3.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.5775 was down 3.92% compared to the 2022 peak of 11.0091, 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 52,887 MOP

2022 Average 49,875 MOP

Yearly Trough Low 47,799 MOP

Transaction Impact: A difference of 5,088.09 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.4189

9.6910

JanuMarcMayJulySeptNove

FKP to MOP 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 9.9551, compared to 10.0948 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1397 points.

H1 Avg (Jan–Jun) 9.9551

H2 Avg (Jul–Dec) 10.0948

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.4559 MOP (High: 10.0157 / Low: 9.5598). On the other end, August was the most stable month, with a tight range of 0.1336 MOP (High: 10.2924 / Low: 10.1588).

March Spread (Volatile) ±0.4559

August Spread (Stable) ±0.1336

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 0.2480 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2480

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 10.3582) against the same month in 2022 (average: 9.7078), the exchange rate shifted by +0.6504 (+6.70%).

2023 Avg (July) 10.3582

2022 Avg (July) 9.7078

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0233	9.5832	9.8620
February	10.0056	9.6518	9.7517
March	10.0157	9.5598	9.7998
April	10.1667	9.9118	10.0529
May	10.2500	9.9334	10.0702
June	10.3456	10.0191	10.1943
July	10.5775	10.1812	10.3582
August	10.2924	10.1588	10.2365
September	10.1935	9.7835	9.9885
October	9.9207	9.7364	9.8035
November	10.2025	9.7960	9.9816
December	10.3050	10.0994	10.2006