2023 BZD to NGN Historical Review

YEARLY HIGH

444.7981 NGN

YEARLY LOW

221.8223 NGN

YEARLY AVERAGE

314.7248 NGN

2023 BZD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BZD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 444.7981. Conversely, the yearly low was recorded on January 1, dropping to 221.8223.

This high-to-low spread represents a total annual volatility of 222.9758 NGN. From a start-to-finish perspective, comparing the January average rate of 225.5300 to the December average rate of 401.4789, the exchange rate registered a net change of 78.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 444.7981 was up 99.77% compared to the 2022 peak of 222.6524, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,223,991 NGN

2022 Average 1,050,972 NGN

Yearly Trough Low 1,109,112 NGN

Transaction Impact: A difference of 1,114,878.90 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

419.0738

207.9351

JanuMarcMayJulySeptNove

BZD 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 239.6738, compared to 389.7757 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 150.1019 points.

H1 Avg (Jan–Jun) 239.6738

H2 Avg (Jul–Dec) 389.7757

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 180.2309 NGN (High: 408.2728 / Low: 228.0419). On the other end, February was the most stable month, with a tight range of 1.2314 NGN (High: 228.7041 / Low: 227.4726).

June Spread (Volatile) ±180.2309

February Spread (Stable) ±1.2314

Growth Streaks & Declines

Trends

Between August and December, 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 5.1989 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -5.1989

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 401.4789) against the same month in 2022 (average: 220.9014), the exchange rate shifted by +180.5774 (+81.75%).

2023 Avg (December) 401.4789

2022 Avg (December) 220.9014

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	228.5335	221.8223	225.5300
February	228.7041	227.4726	228.3612
March	229.7773	227.6486	228.6313
April	231.4933	228.2806	229.0658
May	230.1665	228.1540	228.9739
June	408.2728	228.0419	297.4808
July	393.4493	377.0058	385.9407
August	386.1585	372.6642	380.7418
September	391.8646	369.4916	384.1015
October	438.3132	377.7755	388.6219
November	410.4463	387.7513	397.7696
December	444.7981	378.5969	401.4789