2023 MVR to FJD Historical Review

YEARLY HIGH

0.1512 FJD

YEARLY LOW

0.1400 FJD

YEARLY AVERAGE

0.1451 FJD

2023 MVR to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.1512. Conversely, the yearly low was recorded on January 25, dropping to 0.1400.

This high-to-low spread represents a total annual volatility of 0.0112 FJD. From a start-to-finish perspective, comparing the January average rate of 0.1416 to the December average rate of 0.1441, the exchange rate registered a net change of 1.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1512 was down 0.15% compared to the 2022 peak of 0.1515, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MVR based on timing:

Yearly Peak High 756 FJD

2022 Average 710 FJD

Yearly Trough Low 700 FJD

Transaction Impact: A difference of 56.12 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1489

0.1409

JanuMarcMayJulySeptNove

MVR to FJD 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 0.1438, compared to 0.1463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1438

H2 Avg (Jul–Dec) 0.1463

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0063 FJD (High: 0.1512 / Low: 0.1450). On the other end, September was the most stable month, with a tight range of 0.0025 FJD (High: 0.1490 / Low: 0.1465).

November Spread (Volatile) ±0.0063

September Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0030 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1471) against the same month in 2022 (average: 0.1457), the exchange rate shifted by +0.0013 (+0.92%).

2023 Avg (November) 0.1471

2022 Avg (November) 0.1457

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1442	0.1400	0.1416
February	0.1446	0.1410	0.1429
March	0.1458	0.1432	0.1443
April	0.1457	0.1429	0.1441
May	0.1472	0.1428	0.1450
June	0.1477	0.1431	0.1451
July	0.1464	0.1414	0.1443
August	0.1494	0.1444	0.1468
September	0.1490	0.1465	0.1473
October	0.1498	0.1466	0.1483
November	0.1512	0.1450	0.1471
December	0.1459	0.1423	0.1441