2023 NGN to ARS Historical Review

YEARLY HIGH

1.0562 ARS

YEARLY LOW

0.3062 ARS

YEARLY AVERAGE

0.4617 ARS

2023 NGN to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1.0562. Conversely, the yearly low was recorded on June 23, dropping to 0.3062.

This high-to-low spread represents a total annual volatility of 0.7500 ARS. From a start-to-finish perspective, comparing the January average rate of 0.4004 to the December average rate of 0.7779, the exchange rate registered a net change of 94.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0562 was up 166.32% compared to the 2022 peak of 0.3966, 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 1,056,152 ARS

2022 Average 307,438 ARS

Yearly Trough Low 306,191 ARS

Transaction Impact: A difference of 749,961.08 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8215

0.2983

JanuMarcMayJulySeptNove

NGN to ARS 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 0.4433, compared to 0.4800 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0366 points.

H1 Avg (Jan–Jun) 0.4433

H2 Avg (Jul–Dec) 0.4800

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.6037 ARS (High: 1.0562 / Low: 0.4525). On the other end, January was the most stable month, with a tight range of 0.0150 ARS (High: 0.4066 / Low: 0.3916).

December Spread (Volatile) ±0.6037

January Spread (Stable) ±0.0150

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0938 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0938

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.7779) against the same month in 2022 (average: 0.3868), the exchange rate shifted by +0.3911 (+101.09%).

2023 Avg (December) 0.7779

2022 Avg (December) 0.3868

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4066	0.3916	0.4004
February	0.4285	0.4065	0.4166
March	0.4530	0.4300	0.4406
April	0.4818	0.4511	0.4666
May	0.5194	0.4818	0.5002
June	0.5338	0.3062	0.4357
July	0.3620	0.3333	0.3419
August	0.4631	0.3573	0.4189
September	0.4698	0.4430	0.4521
October	0.4612	0.3961	0.4478
November	0.4563	0.4278	0.4412
December	1.0562	0.4525	0.7779