2023 NGN to BWP Historical Review

YEARLY HIGH

0.0299 BWP

YEARLY LOW

0.0150 BWP

YEARLY AVERAGE

0.0225 BWP

2023 NGN to BWP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 0.0299. Conversely, the yearly low was recorded on December 30, dropping to 0.0150.

This high-to-low spread represents a total annual volatility of 0.0150 BWP. From a start-to-finish perspective, comparing the January average rate of 0.0281 to the December average rate of 0.0167, the exchange rate registered a net change of -40.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0299 was down 3.96% compared to the 2022 peak of 0.0311, 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 29,905 BWP

2022 Average 29,191 BWP

Yearly Trough Low 14,951 BWP

Transaction Impact: A difference of 14,953.44 BWP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0304

0.0155

JanuMarcMayJulySeptNove

NGN to BWP 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 0.0278, compared to 0.0172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.0278

H2 Avg (Jul–Dec) 0.0172

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0137 BWP (High: 0.0299 / Low: 0.0162). On the other end, April was the most stable month, with a tight range of 0.0006 BWP (High: 0.0287 / Low: 0.0281).

June Spread (Volatile) ±0.0137

April Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0067 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0237) against the same month in 2022 (average: 0.0292), the exchange rate shifted by -0.0055 (-18.73%).

2023 Avg (June) 0.0237

2022 Avg (June) 0.0292

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0287	0.0278	0.0281
February	0.0290	0.0276	0.0284
March	0.0291	0.0283	0.0288
April	0.0287	0.0281	0.0285
May	0.0299	0.0285	0.0292
June	0.0299	0.0162	0.0237
July	0.0177	0.0164	0.0170
August	0.0180	0.0172	0.0176
September	0.0183	0.0173	0.0176
October	0.0182	0.0156	0.0176
November	0.0173	0.0162	0.0169
December	0.0176	0.0150	0.0167