2023 FKP to THB Historical Review

YEARLY HIGH

45.3821 THB

YEARLY LOW

40.0955 THB

YEARLY AVERAGE

43.2379 THB

2023 FKP to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 45.3821. Conversely, the yearly low was recorded on February 3, dropping to 40.0955.

This high-to-low spread represents a total annual volatility of 5.2866 THB. From a start-to-finish perspective, comparing the January average rate of 40.6529 to the December average rate of 44.2083, the exchange rate registered a net change of 8.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 45.3821 was down 0.72% compared to the 2022 peak of 45.7102, 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 226,911 THB

2022 Average 216,075 THB

Yearly Trough Low 200,477 THB

Transaction Impact: A difference of 26,433.10 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

44.9848

40.2591

JanuMarcMayJulySeptNove

FKP to THB 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 42.1273, compared to 44.3486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2213 points.

H1 Avg (Jan–Jun) 42.1273

H2 Avg (Jul–Dec) 44.3486

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.3088 THB (High: 42.4042 / Low: 40.0955). On the other end, September was the most stable month, with a tight range of 0.8678 THB (High: 44.6853 / Low: 43.8175).

February Spread (Volatile) ±2.3088

September Spread (Stable) ±0.8678

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3802 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.3802

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 44.5910) against the same month in 2022 (average: 43.6074), the exchange rate shifted by +0.9836 (+2.26%).

2023 Avg (July) 44.5910

2022 Avg (July) 43.6074

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.8561	40.1029	40.6529
February	42.4042	40.0955	41.1018
March	42.3035	41.0661	41.7716
April	42.9356	42.0558	42.5350
May	43.1150	41.9869	42.6400
June	45.0011	43.2049	44.0623
July	45.3821	43.9056	44.5910
August	45.2335	43.8520	44.5077
September	44.6853	43.8175	44.3519
October	45.2266	43.6955	44.4064
November	44.6838	43.3862	44.0262
December	44.8704	43.5646	44.2083