2023 INR to NPR Historical Review

YEARLY HIGH

1.6196 NPR

YEARLY LOW

1.5786 NPR

YEARLY AVERAGE

1.5996 NPR

2023 INR to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 4, valuing the pair at 1.6196. Conversely, the yearly low was recorded on March 19, dropping to 1.5786.

This high-to-low spread represents a total annual volatility of 0.0411 NPR. From a start-to-finish perspective, comparing the January average rate of 1.6019 to the December average rate of 1.6015, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6196 was down 0.32% compared to the 2022 peak of 1.6248, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 404,912 NPR

2022 Average 399,874 NPR

Yearly Trough Low 394,645 NPR

Transaction Impact: A difference of 10,267.09 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6023

1.5978

JanuMarcMayJulySeptNove

INR to NPR 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 1.5998, compared to 1.5993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 1.5998

H2 Avg (Jul–Dec) 1.5993

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0411 NPR (High: 1.6196 / Low: 1.5786). On the other end, October was the most stable month, with a tight range of 0.0107 NPR (High: 1.6036 / Low: 1.5929).

March Spread (Volatile) ±0.0411

October Spread (Stable) ±0.0107

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0027 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.5994) against the same month in 2022 (average: 1.5992), the exchange rate shifted by +0.0002 (+0.01%).

2023 Avg (March) 1.5994

2022 Avg (March) 1.5992

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6085	1.5955	1.6019
February	1.6051	1.5871	1.5993
March	1.6196	1.5786	1.5994
April	1.6041	1.5801	1.5989
May	1.6065	1.5911	1.5993
June	1.6071	1.5899	1.6003
July	1.6145	1.5881	1.5982
August	1.6052	1.5904	1.5994
September	1.6058	1.5931	1.5993
October	1.6036	1.5929	1.5986
November	1.6039	1.5881	1.5986
December	1.6140	1.5961	1.6015