2023 NGN to GBP Historical Review

YEARLY HIGH

0.0019 GBP

YEARLY LOW

0.0009 GBP

YEARLY AVERAGE

0.0014 GBP

2023 NGN to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0019. Conversely, the yearly low was recorded on December 30, dropping to 0.0009.

This high-to-low spread represents a total annual volatility of 0.0010 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0018 to the December average rate of 0.0010, the exchange rate registered a net change of -45.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0019 was down 12.99% compared to the 2022 peak of 0.0022, 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 1,872 GBP

2022 Average 1,915 GBP

Yearly Trough Low 874 GBP

Transaction Impact: A difference of 998.65 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0019

0.0009

JanuMarcMayJulySeptNove

NGN to GBP 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 0.0017, compared to 0.0010 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0017

H2 Avg (Jul–Dec) 0.0010

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0008 GBP (High: 0.0017 / Low: 0.0010). On the other end, August was the most stable month, with a tight range of 0.0000 GBP (High: 0.0011 / Low: 0.0010).

June Spread (Volatile) ±0.0008

August Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0018) against the same month in 2022 (average: 0.0018), the exchange rate shifted by +0.0000 (+0.78%).

2023 Avg (January) 0.0018

2022 Avg (January) 0.0018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0019	0.0018	0.0018
February	0.0018	0.0018	0.0018
March	0.0018	0.0018	0.0018
April	0.0018	0.0017	0.0017
May	0.0018	0.0017	0.0017
June	0.0017	0.0010	0.0014
July	0.0010	0.0010	0.0010
August	0.0011	0.0010	0.0010
September	0.0011	0.0010	0.0010
October	0.0011	0.0009	0.0011
November	0.0010	0.0010	0.0010
December	0.0010	0.0009	0.0010