2023 NGN to BRL Historical Review

YEARLY HIGH

0.0122 BRL

YEARLY LOW

0.0054 BRL

YEARLY AVERAGE

0.0085 BRL

2023 NGN to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0122. Conversely, the yearly low was recorded on December 30, dropping to 0.0054.

This high-to-low spread represents a total annual volatility of 0.0068 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0114 to the December average rate of 0.0061, the exchange rate registered a net change of -46.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0122 was down 11.89% compared to the 2022 peak of 0.0139, 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 12,216 BRL

2022 Average 12,192 BRL

Yearly Trough Low 5,402 BRL

Transaction Impact: A difference of 6,814.08 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0120

0.0055

JanuMarcMayJulySeptNove

NGN to BRL 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 0.0107, compared to 0.0063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.0107

H2 Avg (Jul–Dec) 0.0063

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0051 BRL (High: 0.0109 / Low: 0.0058). On the other end, August was the most stable month, with a tight range of 0.0004 BRL (High: 0.0066 / Low: 0.0062).

June Spread (Volatile) ±0.0051

August Spread (Stable) ±0.0004

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 0.0024 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0114) against the same month in 2022 (average: 0.0133), the exchange rate shifted by -0.0019 (-14.49%).

2023 Avg (January) 0.0114

2022 Avg (January) 0.0133

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0122	0.0110	0.0114
February	0.0115	0.0110	0.0113
March	0.0116	0.0110	0.0113
April	0.0110	0.0106	0.0109
May	0.0110	0.0106	0.0108
June	0.0109	0.0058	0.0086
July	0.0064	0.0060	0.0062
August	0.0066	0.0062	0.0064
September	0.0066	0.0062	0.0064
October	0.0068	0.0057	0.0065
November	0.0063	0.0059	0.0061
December	0.0064	0.0054	0.0061