2023 NGN to BDT Historical Review

YEARLY HIGH

0.2379 BDT

YEARLY LOW

0.1224 BDT

YEARLY AVERAGE

0.1819 BDT

2023 NGN to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.2379. Conversely, the yearly low was recorded on December 30, dropping to 0.1224.

This high-to-low spread represents a total annual volatility of 0.1155 BDT. From a start-to-finish perspective, comparing the January average rate of 0.2305 to the December average rate of 0.1361, the exchange rate registered a net change of -40.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2379 was down 2.55% compared to the 2022 peak of 0.2442, 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 237,928 BDT

2022 Average 220,047 BDT

Yearly Trough Low 122,404 BDT

Transaction Impact: A difference of 115,523.07 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2418

0.1265

JanuMarcMayJulySeptNove

NGN to BDT 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 0.2241, compared to 0.1398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0843 points.

H1 Avg (Jan–Jun) 0.2241

H2 Avg (Jul–Dec) 0.1398

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1028 BDT (High: 0.2342 / Low: 0.1315). On the other end, May was the most stable month, with a tight range of 0.0050 BDT (High: 0.2349 / Low: 0.2299).

June Spread (Volatile) ±0.1028

May Spread (Stable) ±0.0050

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 0.0509 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0509

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2305) against the same month in 2022 (average: 0.2076), the exchange rate shifted by +0.0229 (+11.05%).

2023 Avg (January) 0.2305

2022 Avg (January) 0.2076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2379	0.2254	0.2305
February	0.2353	0.2271	0.2309
March	0.2338	0.2273	0.2303
April	0.2336	0.2261	0.2301
May	0.2349	0.2299	0.2322
June	0.2342	0.1315	0.1904
July	0.1428	0.1369	0.1395
August	0.1457	0.1400	0.1424
September	0.1474	0.1389	0.1419
October	0.1448	0.1248	0.1410
November	0.1406	0.1339	0.1378
December	0.1438	0.1224	0.1361