2023 ARS to NGN Historical Review

YEARLY HIGH

3.2659 NGN

YEARLY LOW

0.9468 NGN

YEARLY AVERAGE

2.2708 NGN

2023 ARS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 3.2659. Conversely, the yearly low was recorded on December 27, dropping to 0.9468.

This high-to-low spread represents a total annual volatility of 2.3191 NGN. From a start-to-finish perspective, comparing the January average rate of 2.4976 to the December average rate of 1.4737, the exchange rate registered a net change of -41.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.2659 was down 18.59% compared to the 2022 peak of 4.0116, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 16,330 NGN

2022 Average 16,579 NGN

Yearly Trough Low 4,734 NGN

Transaction Impact: A difference of 11,595.50 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0706

1.3285

JanuMarcMayJulySeptNove

ARS to NGN 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 2.2867, compared to 2.2550 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0316 points.

H1 Avg (Jan–Jun) 2.2867

H2 Avg (Jul–Dec) 2.2550

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.3925 NGN (High: 3.2659 / Low: 1.8734). On the other end, January was the most stable month, with a tight range of 0.0941 NGN (High: 2.5534 / Low: 2.4594).

June Spread (Volatile) ±1.3925

January Spread (Stable) ±0.0941

Growth Streaks & Declines

Trends

Between May and July, 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 November and December, when the average rate fell by 0.7936 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7936

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 2.4068) against the same month in 2022 (average: 3.3905), the exchange rate shifted by -0.9837 (-29.01%).

2023 Avg (June) 2.4068

2022 Avg (June) 3.3905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5534	2.4594	2.4976
February	2.4600	2.3340	2.4010
March	2.3258	2.2075	2.2703
April	2.2167	2.0756	2.1442
May	2.0756	1.9253	2.0000
June	3.2659	1.8734	2.4068
July	2.9999	2.7622	2.9254
August	2.7989	2.1595	2.4150
September	2.2574	2.1285	2.2123
October	2.5249	2.1682	2.2365
November	2.3375	2.1914	2.2673
December	2.2100	0.9468	1.4737