2023 TRY to FJD Historical Review

YEARLY HIGH

0.1188 FJD

YEARLY LOW

0.0742 FJD

YEARLY AVERAGE

0.0966 FJD

2023 TRY to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1188. Conversely, the yearly low was recorded on December 28, dropping to 0.0742.

This high-to-low spread represents a total annual volatility of 0.0447 FJD. From a start-to-finish perspective, comparing the January average rate of 0.1160 to the December average rate of 0.0761, the exchange rate registered a net change of -34.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1188 was down 27.06% compared to the 2022 peak of 0.1629, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,942 FJD

2022 Average 6,680 FJD

Yearly Trough Low 3,708 FJD

Transaction Impact: A difference of 2,234.05 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1208

0.0721

JanuMarcMayJulySeptNove

TRY 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 0.1117, compared to 0.0814 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0303 points.

H1 Avg (Jan–Jun) 0.1117

H2 Avg (Jul–Dec) 0.0814

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0221 FJD (High: 0.1073 / Low: 0.0853). On the other end, April was the most stable month, with a tight range of 0.0018 FJD (High: 0.1154 / Low: 0.1135).

June Spread (Volatile) ±0.0221

April Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.0182 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0182

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1160) against the same month in 2022 (average: 0.1575), the exchange rate shifted by -0.0415 (-26.35%).

2023 Avg (January) 0.1160

2022 Avg (January) 0.1575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1188	0.1144	0.1160
February	0.1176	0.1151	0.1164
March	0.1181	0.1150	0.1167
April	0.1154	0.1135	0.1144
May	0.1147	0.1085	0.1125
June	0.1073	0.0853	0.0943
July	0.0865	0.0814	0.0838
August	0.0875	0.0821	0.0838
September	0.0849	0.0829	0.0841
October	0.0836	0.0807	0.0818
November	0.0808	0.0769	0.0788
December	0.0774	0.0742	0.0761