2023 MXN to FJD Historical Review

YEARLY HIGH

0.1355 FJD

YEARLY LOW

0.1128 FJD

YEARLY AVERAGE

0.1259 FJD

2023 MXN to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.1355. Conversely, the yearly low was recorded on January 2, dropping to 0.1128.

This high-to-low spread represents a total annual volatility of 0.0227 FJD. From a start-to-finish perspective, comparing the January average rate of 0.1149 to the December average rate of 0.1291, the exchange rate registered a net change of 12.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1355 was up 14.94% compared to the 2022 peak of 0.1179, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 6,776 FJD

2022 Average 5,447 FJD

Yearly Trough Low 5,641 FJD

Transaction Impact: A difference of 1,134.03 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1346

0.1131

JanuMarcMayJulySeptNove

MXN 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 0.1217, compared to 0.1301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0083 points.

H1 Avg (Jan–Jun) 0.1217

H2 Avg (Jul–Dec) 0.1301

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0078 FJD (High: 0.1320 / Low: 0.1242). On the other end, December was the most stable month, with a tight range of 0.0025 FJD (High: 0.1302 / Low: 0.1277).

October Spread (Volatile) ±0.0078

December Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0052 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1328) against the same month in 2022 (average: 0.1092), the exchange rate shifted by +0.0236 (+21.63%).

2023 Avg (August) 0.1328

2022 Avg (August) 0.1092

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1162	0.1128	0.1149
February	0.1211	0.1142	0.1180
March	0.1243	0.1169	0.1205
April	0.1244	0.1202	0.1225
May	0.1279	0.1232	0.1255
June	0.1323	0.1274	0.1291
July	0.1338	0.1293	0.1311
August	0.1355	0.1298	0.1328
September	0.1333	0.1292	0.1313
October	0.1320	0.1242	0.1261
November	0.1329	0.1280	0.1300
December	0.1302	0.1277	0.1291