2023 FKP to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 11, valuing the pair at 770.2895. Conversely, the yearly low was recorded on February 4, dropping to 731.3793.
This high-to-low spread represents a total annual volatility of 38.9101 XOF. From a start-to-finish perspective, comparing the January average rate of 744.4979 to the December average rate of 760.6455, the exchange rate registered a net change of 2.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 770.2895 was down 3.35% compared to the 2022 peak of 797.0020, 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 XOF 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 747.7877, compared to 759.6819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 11.8942 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 23.7994 XOF (High: 763.3330 / Low: 739.5336). On the other end, October was the most stable month, with a tight range of 9.1036 XOF (High: 760.4166 / Low: 751.3131).
Growth Streaks & Declines
TrendsBetween April and June, 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 September and October, when the average rate fell by 5.3179 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 763.9607) against the same month in 2022 (average: 772.7157), the exchange rate shifted by -8.7550 (-1.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 750.3488 | 737.8951 | 744.4979 |
| February | 746.2779 | 731.3793 | 739.4480 |
| March | 751.1198 | 735.4436 | 743.1111 |
| April | 749.7838 | 733.9082 | 742.9476 |
| May | 763.3330 | 739.5336 | 752.2839 |
| June | 769.1541 | 759.7269 | 764.4376 |
| July | 770.2895 | 757.3648 | 763.9607 |
| August | 769.9475 | 756.8176 | 763.6540 |
| September | 768.8148 | 752.8501 | 760.9037 |
| October | 760.4166 | 751.3131 | 755.5858 |
| November | 760.5448 | 748.4788 | 753.3415 |
| December | 765.9440 | 754.7044 | 760.6455 |