2023 NAD to AMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NAD to AMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NAD to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 23.5767. Conversely, the yearly low was recorded on August 14, dropping to 19.5178.
This high-to-low spread represents a total annual volatility of 4.0588 AMD. From a start-to-finish perspective, comparing the January average rate of 23.1601 to the December average rate of 21.6480, the exchange rate registered a net change of -6.53% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.5767 was down 31.73% compared to the 2022 peak of 34.5355, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NAD to AMD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 21.4537, compared to 21.0334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4203 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 2.2735 AMD (High: 23.3985 / Low: 21.1250). On the other end, January was the most stable month, with a tight range of 0.6602 AMD (High: 23.5767 / Low: 22.9165).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.1050 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 23.1601) against the same month in 2022 (average: 31.0907), the exchange rate shifted by -7.9305 (-25.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.5767 | 22.9165 | 23.1601 |
| February | 23.3985 | 21.1250 | 22.0551 |
| March | 21.7271 | 20.7779 | 21.2407 |
| April | 21.9544 | 20.9683 | 21.3620 |
| May | 21.2503 | 19.5416 | 20.2679 |
| June | 21.2702 | 19.5903 | 20.6360 |
| July | 22.0640 | 20.3599 | 21.2453 |
| August | 21.1812 | 19.5178 | 20.5108 |
| September | 20.9889 | 20.0498 | 20.3650 |
| October | 21.9454 | 19.8659 | 20.9875 |
| November | 22.0656 | 20.1293 | 21.4438 |
| December | 22.2335 | 21.1420 | 21.6480 |