2023 CHF to NGN Historical Review

YEARLY HIGH

1068.2507 NGN

YEARLY LOW

479.0331 NGN

YEARLY AVERAGE

708.8729 NGN

2023 CHF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CHF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1068.2507. Conversely, the yearly low was recorded on January 5, dropping to 479.0331.

This high-to-low spread represents a total annual volatility of 589.2176 NGN. From a start-to-finish perspective, comparing the January average rate of 492.0117 to the December average rate of 938.3674, the exchange rate registered a net change of 90.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1068.2507 was up 120.41% compared to the 2022 peak of 484.6555, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,341,254 NGN

2022 Average 2,219,976 NGN

Yearly Trough Low 2,395,165 NGN

Transaction Impact: A difference of 2,946,088.22 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

983.0030

447.3761

JanuMarcMayJulySeptNove

CHF 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 529.8804, compared to 887.8654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 357.9850 points.

H1 Avg (Jan–Jun) 529.8804

H2 Avg (Jul–Dec) 887.8654

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 410.5594 NGN (High: 917.7074 / Low: 507.1480). On the other end, May was the most stable month, with a tight range of 14.7573 NGN (High: 521.3794 / Low: 506.6221).

June Spread (Volatile) ±410.5594

May Spread (Stable) ±14.7573

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 15.5286 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -15.5286

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 938.3674) against the same month in 2022 (average: 477.7550), the exchange rate shifted by +460.6124 (+96.41%).

2023 Avg (December) 938.3674

2022 Avg (December) 477.7550

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	502.8949	479.0331	492.0117
February	507.5761	487.9345	496.8218
March	504.8362	488.4421	496.8641
April	520.2150	501.6034	513.1807
May	521.3794	506.6221	513.6248
June	917.7074	507.1480	666.7790
July	922.4869	848.5294	888.9914
August	889.8039	853.6899	873.4628
September	884.3773	835.5581	861.0445
October	989.3412	831.6360	866.5408
November	929.4749	867.3971	898.7852
December	1068.2507	893.0271	938.3674