2023 NGN to AMD Historical Review

YEARLY HIGH

0.8817 AMD

YEARLY LOW

0.4511 AMD

YEARLY AVERAGE

0.6626 AMD

2023 NGN to AMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to AMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.8817. Conversely, the yearly low was recorded on December 30, dropping to 0.4511.

This high-to-low spread represents a total annual volatility of 0.4306 AMD. From a start-to-finish perspective, comparing the January average rate of 0.8701 to the December average rate of 0.5002, the exchange rate registered a net change of -42.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8817 was down 29.32% compared to the 2022 peak of 1.2474, 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 881,681 AMD

2022 Average 1,032,024 AMD

Yearly Trough Low 451,112 AMD

Transaction Impact: A difference of 430,569.28 AMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9073

0.4615

JanuMarcMayJulySeptNove

NGN to AMD 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 0.8219, compared to 0.5034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3185 points.

H1 Avg (Jan–Jun) 0.8219

H2 Avg (Jul–Dec) 0.5034

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.3686 AMD (High: 0.8389 / Low: 0.4704). On the other end, March was the most stable month, with a tight range of 0.0072 AMD (High: 0.8486 / Low: 0.8415).

June Spread (Volatile) ±0.3686

March Spread (Stable) ±0.0072

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 0.1823 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1823

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8701) against the same month in 2022 (average: 1.1647), the exchange rate shifted by -0.2945 (-25.29%).

2023 Avg (January) 0.8701

2022 Avg (January) 1.1647

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8817	0.8597	0.8701
February	0.8683	0.8457	0.8560
March	0.8486	0.8415	0.8445
April	0.8527	0.8315	0.8417
May	0.8430	0.8331	0.8380
June	0.8389	0.4704	0.6810
July	0.5080	0.4873	0.4986
August	0.5154	0.4969	0.5036
September	0.5176	0.4884	0.4993
October	0.5635	0.4553	0.5170
November	0.5114	0.4868	0.5019
December	0.5301	0.4511	0.5002