2023 TOP to FJD Historical Review

YEARLY HIGH

0.9626 FJD

YEARLY LOW

0.9264 FJD

YEARLY AVERAGE

0.9439 FJD

2023 TOP to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 0.9626. Conversely, the yearly low was recorded on July 14, dropping to 0.9264.

This high-to-low spread represents a total annual volatility of 0.0362 FJD. From a start-to-finish perspective, comparing the January average rate of 0.9350 to the December average rate of 0.9427, the exchange rate registered a net change of 0.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9626 was up 0.40% compared to the 2022 peak of 0.9588, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,813 FJD

2022 Average 4,695 FJD

Yearly Trough Low 4,632 FJD

Transaction Impact: A difference of 181.10 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9533

0.9333

JanuMarcMayJulySeptNove

TOP 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 0.9403, compared to 0.9476 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.9403

H2 Avg (Jul–Dec) 0.9476

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0307 FJD (High: 0.9571 / Low: 0.9264). On the other end, March was the most stable month, with a tight range of 0.0110 FJD (High: 0.9469 / Low: 0.9358).

July Spread (Volatile) ±0.0307

March Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0052 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.9480) against the same month in 2022 (average: 0.9407), the exchange rate shifted by +0.0072 (+0.77%).

2023 Avg (November) 0.9480

2022 Avg (November) 0.9407

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9488	0.9270	0.9350
February	0.9463	0.9317	0.9387
March	0.9469	0.9358	0.9404
April	0.9494	0.9329	0.9404
May	0.9506	0.9340	0.9431
June	0.9603	0.9371	0.9439
July	0.9571	0.9264	0.9446
August	0.9617	0.9361	0.9486
September	0.9612	0.9449	0.9498
October	0.9620	0.9460	0.9517
November	0.9626	0.9387	0.9480
December	0.9496	0.9376	0.9427