2023 JPY to NPR Historical Review

YEARLY HIGH

1.0208 NPR

YEARLY LOW

0.8764 NPR

YEARLY AVERAGE

0.9421 NPR

2023 JPY to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 1.0208. Conversely, the yearly low was recorded on November 11, dropping to 0.8764.

This high-to-low spread represents a total annual volatility of 0.1444 NPR. From a start-to-finish perspective, comparing the January average rate of 1.0058 to the December average rate of 0.9281, the exchange rate registered a net change of -7.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0208 was down 4.30% compared to the 2022 peak of 1.0667, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 510,413 NPR

2022 Average 480,169 NPR

Yearly Trough Low 438,194 NPR

Transaction Impact: A difference of 72,219.61 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0175

0.8769

JanuMarcMayJulySeptNove

JPY 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 0.9757, compared to 0.9084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0673 points.

H1 Avg (Jan–Jun) 0.9757

H2 Avg (Jul–Dec) 0.9084

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0601 NPR (High: 1.0098 / Low: 0.9497). On the other end, September was the most stable month, with a tight range of 0.0151 NPR (High: 0.9056 / Low: 0.8905).

March Spread (Volatile) ±0.0601

September Spread (Stable) ±0.0151

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0288 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0288

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.9923) against the same month in 2022 (average: 1.0403), the exchange rate shifted by -0.0480 (-4.61%).

2023 Avg (February) 0.9923

2022 Avg (February) 1.0403

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0206	0.9896	1.0058
February	1.0208	0.9696	0.9923
March	1.0098	0.9497	0.9849
April	1.0023	0.9469	0.9812
May	0.9795	0.9396	0.9595
June	0.9530	0.9057	0.9307
July	0.9592	0.9029	0.9307
August	0.9348	0.9028	0.9151
September	0.9056	0.8905	0.8986
October	0.8980	0.8800	0.8896
November	0.9061	0.8764	0.8886
December	0.9459	0.9056	0.9281