2023 NGN to BTN Historical Review

YEARLY HIGH

0.1850 BTN

YEARLY LOW

0.0928 BTN

YEARLY AVERAGE

0.1394 BTN

2023 NGN to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.1850. Conversely, the yearly low was recorded on December 29, dropping to 0.0928.

This high-to-low spread represents a total annual volatility of 0.0922 BTN. From a start-to-finish perspective, comparing the January average rate of 0.1800 to the December average rate of 0.1031, the exchange rate registered a net change of -42.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1850 was down 3.97% compared to the 2022 peak of 0.1927, 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 185,006 BTN

2022 Average 185,469 BTN

Yearly Trough Low 92,780 BTN

Transaction Impact: A difference of 92,225.15 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1877

0.0954

JanuMarcMayJulySeptNove

NGN to BTN 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 0.1732, compared to 0.1057 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0675 points.

H1 Avg (Jan–Jun) 0.1732

H2 Avg (Jul–Dec) 0.1057

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0796 BTN (High: 0.1792 / Low: 0.0996). On the other end, May was the most stable month, with a tight range of 0.0025 BTN (High: 0.1797 / Low: 0.1772).

June Spread (Volatile) ±0.0796

May Spread (Stable) ±0.0025

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 0.0393 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0393

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1800) against the same month in 2022 (average: 0.1799), the exchange rate shifted by +0.0002 (+0.09%).

2023 Avg (January) 0.1800

2022 Avg (January) 0.1799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1850	0.1766	0.1800
February	0.1804	0.1777	0.1794
March	0.1802	0.1771	0.1788
April	0.1789	0.1753	0.1775
May	0.1797	0.1772	0.1784
June	0.1792	0.0996	0.1450
July	0.1083	0.1032	0.1057
August	0.1102	0.1063	0.1079
September	0.1113	0.1051	0.1073
October	0.1093	0.0940	0.1064
November	0.1067	0.1006	0.1039
December	0.1090	0.0928	0.1031