2023 NAD to AED Historical Review

YEARLY HIGH

0.2184 AED

YEARLY LOW

0.1818 AED

YEARLY AVERAGE

0.1988 AED

2023 NAD to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.2184. Conversely, the yearly low was recorded on October 26, dropping to 0.1818.

This high-to-low spread represents a total annual volatility of 0.0366 AED. From a start-to-finish perspective, comparing the January average rate of 0.2151 to the December average rate of 0.1966, the exchange rate registered a net change of -8.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2184 was down 13.59% compared to the 2022 peak of 0.2528, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,092 AED

2022 Average 1,131 AED

Yearly Trough Low 909 AED

Transaction Impact: A difference of 183.02 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2175

0.1884

JanuMarcMayJulySeptNove

NAD to AED 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 0.2021, compared to 0.1956 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0065 points.

H1 Avg (Jan–Jun) 0.2021

H2 Avg (Jul–Dec) 0.1956

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0183 AED (High: 0.2018 / Low: 0.1835). On the other end, September was the most stable month, with a tight range of 0.0048 AED (High: 0.1959 / Low: 0.1911).

November Spread (Volatile) ±0.0183

September Spread (Stable) ±0.0048

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0095 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2151) against the same month in 2022 (average: 0.2370), the exchange rate shifted by -0.0219 (-9.25%).

2023 Avg (January) 0.2151

2022 Avg (January) 0.2370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2184	0.2126	0.2151
February	0.2154	0.1994	0.2055
March	0.2054	0.1975	0.2010
April	0.2071	0.1983	0.2021
May	0.2010	0.1863	0.1925
June	0.2020	0.1863	0.1962
July	0.2083	0.1948	0.2014
August	0.2009	0.1852	0.1949
September	0.1959	0.1911	0.1936
October	0.1957	0.1818	0.1908
November	0.2018	0.1835	0.1960
December	0.2009	0.1924	0.1966