2023 NGN to ALL Historical Review

YEARLY HIGH

0.2463 ALL

YEARLY LOW

0.1043 ALL

YEARLY AVERAGE

0.1720 ALL

2023 NGN to ALL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.2463. Conversely, the yearly low was recorded on December 30, dropping to 0.1043.

This high-to-low spread represents a total annual volatility of 0.1420 ALL. From a start-to-finish perspective, comparing the January average rate of 0.2375 to the December average rate of 0.1165, the exchange rate registered a net change of -50.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2463 was down 12.29% compared to the 2022 peak of 0.2808, 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 246,306 ALL

2022 Average 266,967 ALL

Yearly Trough Low 104,320 ALL

Transaction Impact: A difference of 141,986.25 ALL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2495

0.1044

JanuMarcMayJulySeptNove

NGN to ALL 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 0.2206, compared to 0.1234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0971 points.

H1 Avg (Jan–Jun) 0.2206

H2 Avg (Jul–Dec) 0.1234

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1014 ALL (High: 0.2214 / Low: 0.1200). On the other end, February was the most stable month, with a tight range of 0.0063 ALL (High: 0.2371 / Low: 0.2308).

June Spread (Volatile) ±0.1014

February Spread (Stable) ±0.0063

Growth Streaks & Declines

Trends

Between July and September, 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 June and July, when the average rate fell by 0.0546 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0546

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2375) against the same month in 2022 (average: 0.2591), the exchange rate shifted by -0.0217 (-8.36%).

2023 Avg (January) 0.2375

2022 Avg (January) 0.2591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2463	0.2329	0.2375
February	0.2371	0.2308	0.2347
March	0.2361	0.2266	0.2325
April	0.2266	0.2173	0.2220
May	0.2274	0.2188	0.2217
June	0.2214	0.1200	0.1749
July	0.1287	0.1140	0.1204
August	0.1327	0.1207	0.1262
September	0.1335	0.1265	0.1294
October	0.1322	0.1128	0.1281
November	0.1270	0.1153	0.1200
December	0.1233	0.1043	0.1165