2023 NAD to UAH Historical Review

YEARLY HIGH

2.1856 UAH

YEARLY LOW

1.8042 UAH

YEARLY AVERAGE

1.9918 UAH

2023 NAD to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 2.1856. Conversely, the yearly low was recorded on October 28, dropping to 1.8042.

This high-to-low spread represents a total annual volatility of 0.3814 UAH. From a start-to-finish perspective, comparing the January average rate of 2.1524 to the December average rate of 1.9913, the exchange rate registered a net change of -7.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1856 was down 6.92% compared to the 2022 peak of 2.3481, 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 10,928 UAH

2022 Average 9,984 UAH

Yearly Trough Low 9,021 UAH

Transaction Impact: A difference of 1,907.13 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1780

1.8709

JanuMarcMayJulySeptNove

NAD to UAH 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 2.0268, compared to 1.9568 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0700 points.

H1 Avg (Jan–Jun) 2.0268

H2 Avg (Jul–Dec) 1.9568

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1801 UAH (High: 1.9908 / Low: 1.8107). On the other end, September was the most stable month, with a tight range of 0.0498 UAH (High: 1.9708 / Low: 1.9210).

November Spread (Volatile) ±0.1801

September Spread (Stable) ±0.0498

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 0.0927 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0927

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1524) against the same month in 2022 (average: 1.8065), the exchange rate shifted by +0.3459 (+19.15%).

2023 Avg (January) 2.1524

2022 Avg (January) 1.8065

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1856	2.1261	2.1524
February	2.1610	1.9951	2.0597
March	2.0510	1.9770	2.0160
April	2.0683	1.9874	2.0257
May	2.0211	1.8699	1.9344
June	2.0320	1.8721	1.9725
July	2.0954	1.9441	2.0203
August	2.0233	1.8636	1.9594
September	1.9708	1.9210	1.9459
October	1.9562	1.8042	1.8965
November	1.9908	1.8107	1.9277
December	2.0648	1.9331	1.9913