2023 NGN to AFN Historical Review

YEARLY HIGH

0.1994 AFN

YEARLY LOW

0.0783 AFN

YEARLY AVERAGE

0.1422 AFN

2023 NGN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.1994. Conversely, the yearly low was recorded on December 28, dropping to 0.0783.

This high-to-low spread represents a total annual volatility of 0.1211 AFN. From a start-to-finish perspective, comparing the January average rate of 0.1955 to the December average rate of 0.0865, the exchange rate registered a net change of -55.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1994 was down 22.11% compared to the 2022 peak of 0.2560, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 199,402 AFN

2022 Average 212,707 AFN

Yearly Trough Low 78,323 AFN

Transaction Impact: A difference of 121,078.97 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2064

0.0756

JanuMarcMayJulySeptNove

NGN to AFN 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 0.1852, compared to 0.0991 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0861 points.

H1 Avg (Jan–Jun) 0.1852

H2 Avg (Jul–Dec) 0.0991

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0858 AFN (High: 0.1896 / Low: 0.1039). On the other end, May was the most stable month, with a tight range of 0.0051 AFN (High: 0.1923 / Low: 0.1872).

June Spread (Volatile) ±0.0858

May Spread (Stable) ±0.0051

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0415 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0415

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1955) against the same month in 2022 (average: 0.2527), the exchange rate shifted by -0.0572 (-22.64%).

2023 Avg (January) 0.1955

2022 Avg (January) 0.2527

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1994	0.1923	0.1955
February	0.1976	0.1907	0.1947
March	0.1950	0.1859	0.1906
April	0.1980	0.1850	0.1878
May	0.1923	0.1872	0.1896
June	0.1896	0.1039	0.1530
July	0.1152	0.1081	0.1115
August	0.1142	0.1049	0.1100
September	0.1061	0.0955	0.1007
October	0.1020	0.0848	0.0967
November	0.0937	0.0835	0.0893
December	0.0917	0.0783	0.0865