2023 NGN to HKD Historical Review

YEARLY HIGH

0.0174 HKD

YEARLY LOW

0.0087 HKD

YEARLY AVERAGE

0.0132 HKD

2023 NGN to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0174. Conversely, the yearly low was recorded on December 30, dropping to 0.0087.

This high-to-low spread represents a total annual volatility of 0.0088 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0172 to the December average rate of 0.0097, the exchange rate registered a net change of -43.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0174 was down 8.15% compared to the 2022 peak of 0.0190, 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 17,449 HKD

2022 Average 18,496 HKD

Yearly Trough Low 8,694 HKD

Transaction Impact: A difference of 8,754.94 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0180

0.0089

JanuMarcMayJulySeptNove

NGN to HKD 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 0.0165, compared to 0.0100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.0165

H2 Avg (Jul–Dec) 0.0100

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0075 HKD (High: 0.0170 / Low: 0.0095). On the other end, May was the most stable month, with a tight range of 0.0001 HKD (High: 0.0171 / Low: 0.0169).

June Spread (Volatile) ±0.0075

May Spread (Stable) ±0.0001

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 0.0037 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0172) against the same month in 2022 (average: 0.0188), the exchange rate shifted by -0.0016 (-8.65%).

2023 Avg (January) 0.0172

2022 Avg (January) 0.0188

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0174	0.0170	0.0172
February	0.0171	0.0170	0.0170
March	0.0173	0.0170	0.0171
April	0.0171	0.0169	0.0170
May	0.0171	0.0169	0.0170
June	0.0170	0.0095	0.0138
July	0.0103	0.0099	0.0101
August	0.0104	0.0100	0.0102
September	0.0105	0.0099	0.0101
October	0.0103	0.0089	0.0100
November	0.0100	0.0095	0.0098
December	0.0102	0.0087	0.0097