2023 MOP to NGN Historical Review

YEARLY HIGH

111.4241 NGN

YEARLY LOW

55.6547 NGN

YEARLY AVERAGE

78.6872 NGN

2023 MOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 111.4241. Conversely, the yearly low was recorded on January 2, dropping to 55.6547.

This high-to-low spread represents a total annual volatility of 55.7695 NGN. From a start-to-finish perspective, comparing the January average rate of 56.4420 to the December average rate of 100.5907, the exchange rate registered a net change of 78.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 111.4241 was up 98.92% compared to the 2022 peak of 56.0149, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 557,121 NGN

2022 Average 262,641 NGN

Yearly Trough Low 278,273 NGN

Transaction Impact: A difference of 278,847.27 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

105.0056

52.0271

JanuMarcMayJulySeptNove

MOP 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 59.8224, compared to 97.5520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 37.7296 points.

H1 Avg (Jan–Jun) 59.8224

H2 Avg (Jul–Dec) 97.5520

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 45.1068 NGN (High: 102.0471 / Low: 56.9403). On the other end, February was the most stable month, with a tight range of 0.3623 NGN (High: 57.1030 / Low: 56.7407).

June Spread (Volatile) ±45.1068

February Spread (Stable) ±0.3623

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 1.3887 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.3887

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 100.5907) against the same month in 2022 (average: 55.5194), the exchange rate shifted by +45.0714 (+81.18%).

2023 Avg (December) 100.5907

2022 Avg (December) 55.5194

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.0958	55.6547	56.4420
February	57.1030	56.7407	56.9536
March	57.2120	56.7535	56.9439
April	57.7078	56.9109	57.1058
May	57.4358	56.9065	57.1587
June	102.0471	56.9403	74.3305
July	98.5490	94.1822	96.6122
August	96.8051	93.3782	95.2235
September	97.8690	92.3515	95.9983
October	109.6500	94.4227	97.1782
November	102.9924	96.9530	99.7090
December	111.4241	94.8210	100.5907