2023 NGN to DZD Historical Review

YEARLY HIGH

0.3073 DZD

YEARLY LOW

0.1495 DZD

YEARLY AVERAGE

0.2300 DZD

2023 NGN to DZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to DZD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.3073. Conversely, the yearly low was recorded on December 28, dropping to 0.1495.

This high-to-low spread represents a total annual volatility of 0.1578 DZD. From a start-to-finish perspective, comparing the January average rate of 0.3001 to the December average rate of 0.1664, the exchange rate registered a net change of -44.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3073 was down 13.37% compared to the 2022 peak of 0.3547, 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 307,305 DZD

2022 Average 335,807 DZD

Yearly Trough Low 149,471 DZD

Transaction Impact: A difference of 157,833.69 DZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3134

0.1530

JanuMarcMayJulySeptNove

NGN to DZD 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 0.2868, compared to 0.1731 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1137 points.

H1 Avg (Jan–Jun) 0.2868

H2 Avg (Jul–Dec) 0.1731

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1318 DZD (High: 0.2960 / Low: 0.1643). On the other end, March was the most stable month, with a tight range of 0.0037 DZD (High: 0.2981 / Low: 0.2945).

June Spread (Volatile) ±0.1318

March Spread (Stable) ±0.0037

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 0.0658 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0658

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3001) against the same month in 2022 (average: 0.3377), the exchange rate shifted by -0.0377 (-11.16%).

2023 Avg (January) 0.3001

2022 Avg (January) 0.3377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3073	0.2947	0.3001
February	0.2987	0.2935	0.2964
March	0.2981	0.2945	0.2961
April	0.2960	0.2910	0.2937
May	0.2970	0.2930	0.2950
June	0.2960	0.1643	0.2397
July	0.1789	0.1698	0.1740
August	0.1809	0.1746	0.1774
September	0.1841	0.1738	0.1772
October	0.1814	0.1550	0.1757
November	0.1734	0.1628	0.1681
December	0.1757	0.1495	0.1664