2023 NGN to ANG Historical Review

YEARLY HIGH

0.0040 ANG

YEARLY LOW

0.0020 ANG

YEARLY AVERAGE

0.0030 ANG

2023 NGN to ANG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to ANG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0040. Conversely, the yearly low was recorded on December 30, dropping to 0.0020.

This high-to-low spread represents a total annual volatility of 0.0020 ANG. From a start-to-finish perspective, comparing the January average rate of 0.0040 to the December average rate of 0.0022, the exchange rate registered a net change of -43.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0040 was down 8.11% compared to the 2022 peak of 0.0044, 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 4,031 ANG

2022 Average 4,257 ANG

Yearly Trough Low 2,010 ANG

Transaction Impact: A difference of 2,020.58 ANG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0041

0.0021

JanuMarcMayJulySeptNove

NGN to ANG 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 0.0038, compared to 0.0023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0038

H2 Avg (Jul–Dec) 0.0023

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0017 ANG (High: 0.0039 / Low: 0.0022). On the other end, February was the most stable month, with a tight range of 0.0000 ANG (High: 0.0039 / Low: 0.0039).

June Spread (Volatile) ±0.0017

February Spread (Stable) ±0.0000

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 0.0009 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0040) against the same month in 2022 (average: 0.0044), the exchange rate shifted by -0.0004 (-8.88%).

2023 Avg (January) 0.0040

2022 Avg (January) 0.0044

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0040	0.0039	0.0040
February	0.0039	0.0039	0.0039
March	0.0039	0.0039	0.0039
April	0.0039	0.0039	0.0039
May	0.0039	0.0039	0.0039
June	0.0039	0.0022	0.0032
July	0.0024	0.0023	0.0023
August	0.0024	0.0023	0.0023
September	0.0024	0.0023	0.0023
October	0.0024	0.0020	0.0023
November	0.0023	0.0022	0.0022
December	0.0024	0.0020	0.0022