2023 IDR to NGN Historical Review

YEARLY HIGH

0.0584 NGN

YEARLY LOW

0.0287 NGN

YEARLY AVERAGE

0.0415 NGN

2023 IDR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0584. Conversely, the yearly low was recorded on January 5, dropping to 0.0287.

This high-to-low spread represents a total annual volatility of 0.0297 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0298 to the December average rate of 0.0523, the exchange rate registered a net change of 75.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0584 was up 99.98% compared to the 2022 peak of 0.0292, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 583,678 NGN

2022 Average 285,350 NGN

Yearly Trough Low 286,962 NGN

Transaction Impact: A difference of 296,716.69 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0546

0.0276

JanuMarcMayJulySeptNove

IDR 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 0.0321, compared to 0.0509 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0189 points.

H1 Avg (Jan–Jun) 0.0321

H2 Avg (Jul–Dec) 0.0509

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0239 NGN (High: 0.0547 / Low: 0.0308). On the other end, May was the most stable month, with a tight range of 0.0007 NGN (High: 0.0314 / Low: 0.0308).

June Spread (Volatile) ±0.0239

May Spread (Stable) ±0.0007

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 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0523) against the same month in 2022 (average: 0.0286), the exchange rate shifted by +0.0237 (+82.92%).

2023 Avg (December) 0.0523

2022 Avg (December) 0.0286

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0307	0.0287	0.0298
February	0.0309	0.0301	0.0304
March	0.0308	0.0295	0.0301
April	0.0315	0.0307	0.0310
May	0.0314	0.0308	0.0311
June	0.0547	0.0308	0.0401
July	0.0528	0.0503	0.0516
August	0.0513	0.0494	0.0503
September	0.0515	0.0485	0.0503
October	0.0557	0.0481	0.0497
November	0.0534	0.0495	0.0514
December	0.0584	0.0494	0.0523