2023 BWP to NGN Historical Review

YEARLY HIGH

66.8845 NGN

YEARLY LOW

33.4397 NGN

YEARLY AVERAGE

47.3482 NGN

2023 BWP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 66.8845. Conversely, the yearly low was recorded on June 1, dropping to 33.4397.

This high-to-low spread represents a total annual volatility of 33.4448 NGN. From a start-to-finish perspective, comparing the January average rate of 35.5892 to the December average rate of 59.9910, the exchange rate registered a net change of 68.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 66.8845 was up 83.69% compared to the 2022 peak of 36.4119, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 334,422 NGN

2022 Average 171,512 NGN

Yearly Trough Low 167,198 NGN

Transaction Impact: A difference of 167,224.04 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

62.5646

31.6815

JanuMarcMayJulySeptNove

BWP 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 36.6056, compared to 58.0909 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.4853 points.

H1 Avg (Jan–Jun) 36.6056

H2 Avg (Jul–Dec) 58.0909

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 28.2507 NGN (High: 61.6904 / Low: 33.4397). On the other end, April was the most stable month, with a tight range of 0.7378 NGN (High: 35.5844 / Low: 34.8466).

June Spread (Volatile) ±28.2507

April Spread (Stable) ±0.7378

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 1.8299 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.8299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 59.9910) against the same month in 2022 (average: 34.5623), the exchange rate shifted by +25.4286 (+73.57%).

2023 Avg (December) 59.9910

2022 Avg (December) 34.5623

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.0308	34.8507	35.5892
February	36.2648	34.5298	35.1900
March	35.3842	34.3324	34.7775
April	35.5844	34.8466	35.1457
May	35.0848	33.4397	34.2551
June	61.6904	33.4397	44.6760
July	60.8121	56.3454	58.7079
August	58.2233	55.6966	56.8780
September	57.7016	54.6672	56.7217
October	64.2748	54.8253	56.9913
November	61.6768	57.6982	59.2554
December	66.8845	56.9304	59.9910