2023 BRL to NGN Historical Review

YEARLY HIGH

185.1184 NGN

YEARLY LOW

81.8597 NGN

YEARLY AVERAGE

127.6467 NGN

2023 BRL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BRL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 185.1184. Conversely, the yearly low was recorded on January 3, dropping to 81.8597.

This high-to-low spread represents a total annual volatility of 103.2587 NGN. From a start-to-finish perspective, comparing the January average rate of 87.6663 to the December average rate of 165.4615, the exchange rate registered a net change of 88.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 185.1184 was up 104.66% compared to the 2022 peak of 90.4526, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 BRL based on timing:

Yearly Peak High 4,627,959 NGN

2022 Average 2,054,517 NGN

Yearly Trough Low 2,046,491 NGN

Transaction Impact: A difference of 2,581,467.72 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

173.2410

79.8868

JanuMarcMayJulySeptNove

BRL 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 95.5583, compared to 159.7352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 64.1769 points.

H1 Avg (Jan–Jun) 95.5583

H2 Avg (Jul–Dec) 159.7352

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 80.1233 NGN (High: 172.0671 / Low: 91.9438). On the other end, May was the most stable month, with a tight range of 3.3174 NGN (High: 94.5007 / Low: 91.1833).

June Spread (Volatile) ±80.1233

May Spread (Stable) ±3.3174

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 5.5667 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -5.5667

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 165.4615) against the same month in 2022 (average: 84.8968), the exchange rate shifted by +80.5647 (+94.90%).

2023 Avg (December) 165.4615

2022 Avg (December) 84.8968

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	90.6440	81.8597	87.6663
February	91.1057	87.0353	88.8884
March	90.9170	85.9884	88.2250
April	94.6086	90.7346	91.9865
May	94.5007	91.1833	92.7059
June	172.0671	91.9438	123.8778
July	167.6665	156.5060	161.9485
August	161.3417	152.4758	156.3818
September	162.3273	150.5464	156.5276
October	176.9850	146.9780	154.6751
November	168.9943	158.6647	163.4165
December	185.1184	156.2614	165.4615