2023 NGN to CRC Historical Review

YEARLY HIGH

1.3233 CRC

YEARLY LOW

0.5795 CRC

YEARLY AVERAGE

0.9198 CRC

2023 NGN to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1.3233. Conversely, the yearly low was recorded on December 29, dropping to 0.5795.

This high-to-low spread represents a total annual volatility of 0.7438 CRC. From a start-to-finish perspective, comparing the January average rate of 1.2646 to the December average rate of 0.6496, the exchange rate registered a net change of -48.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3233 was down 20.60% compared to the 2022 peak of 1.6667, 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 1,323,313 CRC

2022 Average 1,525,294 CRC

Yearly Trough Low 579,488 CRC

Transaction Impact: A difference of 743,824.60 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3261

0.5881

JanuMarcMayJulySeptNove

NGN to CRC 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 1.1595, compared to 0.6802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4792 points.

H1 Avg (Jan–Jun) 1.1595

H2 Avg (Jul–Dec) 0.6802

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5146 CRC (High: 1.1723 / Low: 0.6576). On the other end, April was the most stable month, with a tight range of 0.0232 CRC (High: 1.1749 / Low: 1.1517).

June Spread (Volatile) ±0.5146

April Spread (Stable) ±0.0232

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 0.2561 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.2646) against the same month in 2022 (average: 1.5440), the exchange rate shifted by -0.2794 (-18.10%).

2023 Avg (January) 1.2646

2022 Avg (January) 1.5440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3233	1.2009	1.2646
February	1.2633	1.1976	1.2276
March	1.2183	1.1716	1.1869
April	1.1749	1.1517	1.1612
May	1.1789	1.1529	1.1651
June	1.1723	0.6576	0.9515
July	0.7141	0.6754	0.6953
August	0.7207	0.6933	0.7013
September	0.7216	0.6725	0.6920
October	0.7013	0.6011	0.6805
November	0.6804	0.6424	0.6625
December	0.6826	0.5795	0.6496