2023 NAD to EUR Historical Review

YEARLY HIGH

0.0563 EUR

YEARLY LOW

0.0462 EUR

YEARLY AVERAGE

0.0500 EUR

2023 NAD to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0563. Conversely, the yearly low was recorded on August 14, dropping to 0.0462.

This high-to-low spread represents a total annual volatility of 0.0100 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0543 to the December average rate of 0.0490, the exchange rate registered a net change of -9.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0563 was down 11.97% compared to the 2022 peak of 0.0639, 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 281 EUR

2022 Average 292 EUR

Yearly Trough Low 231 EUR

Transaction Impact: A difference of 50.24 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0549

0.0476

JanuMarcMayJulySeptNove

NAD to EUR 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 0.0509, compared to 0.0492 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0509

H2 Avg (Jul–Dec) 0.0492

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0046 EUR (High: 0.0513 / Low: 0.0467). On the other end, March was the most stable month, with a tight range of 0.0014 EUR (High: 0.0518 / Low: 0.0504).

November Spread (Volatile) ±0.0046

March Spread (Stable) ±0.0014

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 January and February, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0543) against the same month in 2022 (average: 0.0570), the exchange rate shifted by -0.0027 (-4.75%).

2023 Avg (January) 0.0543

2022 Avg (January) 0.0570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0563	0.0532	0.0543
February	0.0547	0.0512	0.0523
March	0.0518	0.0504	0.0511
April	0.0522	0.0491	0.0501
May	0.0496	0.0473	0.0482
June	0.0503	0.0471	0.0492
July	0.0516	0.0484	0.0496
August	0.0500	0.0462	0.0486
September	0.0504	0.0485	0.0494
October	0.0505	0.0468	0.0492
November	0.0513	0.0467	0.0493
December	0.0502	0.0477	0.0490