2023 SRD to FJD Historical Review

YEARLY HIGH

0.0700 FJD

YEARLY LOW

0.0572 FJD

YEARLY AVERAGE

0.0611 FJD

2023 SRD to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SRD to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0700. Conversely, the yearly low was recorded on July 16, dropping to 0.0572.

This high-to-low spread represents a total annual volatility of 0.0128 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0685 to the December average rate of 0.0593, the exchange rate registered a net change of -13.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0700 was down 33.90% compared to the 2022 peak of 0.1058, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 350 FJD

2022 Average 461 FJD

Yearly Trough Low 286 FJD

Transaction Impact: A difference of 63.81 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0695

0.0574

JanuMarcMayJulySeptNove

SRD 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 0.0631, compared to 0.0592 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.0631

H2 Avg (Jul–Dec) 0.0592

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0054 FJD (High: 0.0666 / Low: 0.0612). On the other end, October was the most stable month, with a tight range of 0.0011 FJD (High: 0.0603 / Low: 0.0592).

March Spread (Volatile) ±0.0054

October Spread (Stable) ±0.0011

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 March and April, when the average rate fell by 0.0040 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0685) against the same month in 2022 (average: 0.1007), the exchange rate shifted by -0.0322 (-32.01%).

2023 Avg (January) 0.0685

2022 Avg (January) 0.1007

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0700	0.0667	0.0685
February	0.0679	0.0654	0.0669
March	0.0666	0.0612	0.0642
April	0.0614	0.0590	0.0602
May	0.0604	0.0579	0.0596
June	0.0606	0.0578	0.0590
July	0.0606	0.0572	0.0584
August	0.0601	0.0575	0.0589
September	0.0602	0.0586	0.0593
October	0.0603	0.0592	0.0598
November	0.0606	0.0587	0.0595
December	0.0599	0.0587	0.0593