2023 FKP to TWD Historical Review

YEARLY HIGH

40.7513 TWD

YEARLY LOW

36.1077 TWD

YEARLY AVERAGE

38.7339 TWD

2023 FKP to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 40.7513. Conversely, the yearly low was recorded on February 5, dropping to 36.1077.

This high-to-low spread represents a total annual volatility of 4.6436 TWD. From a start-to-finish perspective, comparing the January average rate of 37.2097 to the December average rate of 39.5342, the exchange rate registered a net change of 6.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 40.7513 was up 6.81% compared to the 2022 peak of 38.1530, 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 203,757 TWD

2022 Average 183,709 TWD

Yearly Trough Low 180,539 TWD

Transaction Impact: A difference of 23,218.15 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.8010

36.1335

JanuMarcMayJulySeptNove

FKP to TWD 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 37.6840, compared to 39.7837 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0998 points.

H1 Avg (Jan–Jun) 37.6840

H2 Avg (Jul–Dec) 39.7837

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.4224 TWD (High: 39.5334 / Low: 38.1110). On the other end, October was the most stable month, with a tight range of 0.5285 TWD (High: 39.5697 / Low: 39.0412).

June Spread (Volatile) ±1.4224

October Spread (Stable) ±0.5285

Growth Streaks & Declines

Trends

Between February and August, 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 August and September, when the average rate fell by 0.7438 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.7438

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 40.4121) against the same month in 2022 (average: 35.9936), the exchange rate shifted by +4.4184 (+12.28%).

2023 Avg (August) 40.4121

2022 Avg (August) 35.9936

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.6313	36.5886	37.2097
February	36.9640	36.1077	36.5224
March	37.7564	36.3579	37.0862
April	38.6801	37.5222	38.0345
May	38.7129	37.8095	38.3078
June	39.5334	38.1110	38.9432
July	40.6770	39.4767	40.1662
August	40.7513	40.0320	40.4121
September	40.2347	39.1191	39.6683
October	39.5697	39.0412	39.2896
November	40.0948	39.3717	39.6321
December	39.8445	39.0711	39.5342