2023 NGN to AUD Historical Review

YEARLY HIGH

0.0033 AUD

YEARLY LOW

0.0016 AUD

YEARLY AVERAGE

0.0025 AUD

2023 NGN to AUD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to AUD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.0033. Conversely, the yearly low was recorded on December 28, dropping to 0.0016.

This high-to-low spread represents a total annual volatility of 0.0017 AUD. From a start-to-finish perspective, comparing the January average rate of 0.0032 to the December average rate of 0.0018, the exchange rate registered a net change of -41.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0033 was down 9.95% compared to the 2022 peak of 0.0037, 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 3,338 AUD

2022 Average 3,404 AUD

Yearly Trough Low 1,632 AUD

Transaction Impact: A difference of 1,706.10 AUD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0034

0.0017

JanuMarcMayJulySeptNove

NGN to AUD 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 0.0031, compared to 0.0020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0031

H2 Avg (Jul–Dec) 0.0020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0015 AUD (High: 0.0033 / Low: 0.0018). On the other end, April was the most stable month, with a tight range of 0.0001 AUD (High: 0.0033 / Low: 0.0032).

June Spread (Volatile) ±0.0015

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0033) against the same month in 2022 (average: 0.0034), the exchange rate shifted by -0.0002 (-4.42%).

2023 Avg (May) 0.0033

2022 Avg (May) 0.0034

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0033	0.0030	0.0032
February	0.0032	0.0030	0.0032
March	0.0033	0.0032	0.0033
April	0.0033	0.0032	0.0032
May	0.0033	0.0032	0.0033
June	0.0033	0.0018	0.0026
July	0.0020	0.0019	0.0019
August	0.0021	0.0020	0.0020
September	0.0021	0.0020	0.0020
October	0.0021	0.0018	0.0020
November	0.0020	0.0019	0.0019
December	0.0019	0.0016	0.0018