2023 NGN to IDR Historical Review

YEARLY HIGH

34.8479 IDR

YEARLY LOW

17.1327 IDR

YEARLY AVERAGE

25.7014 IDR

2023 NGN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 34.8479. Conversely, the yearly low was recorded on December 30, dropping to 17.1327.

This high-to-low spread represents a total annual volatility of 17.7151 IDR. From a start-to-finish perspective, comparing the January average rate of 33.5363 to the December average rate of 19.1505, the exchange rate registered a net change of -42.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.8479 was down 3.71% compared to the 2022 peak of 36.1892, 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 34,847,870 IDR

2022 Average 35,050,567 IDR

Yearly Trough Low 17,132,726 IDR

Transaction Impact: A difference of 17,715,143.97 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.9748

17.7119

JanuMarcMayJulySeptNove

NGN to IDR 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 31.7508, compared to 19.6520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.0988 points.

H1 Avg (Jan–Jun) 31.7508

H2 Avg (Jul–Dec) 19.6520

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 14.2059 IDR (High: 32.4870 / Low: 18.2810). On the other end, May was the most stable month, with a tight range of 0.7222 IDR (High: 32.5203 / Low: 31.7980).

June Spread (Volatile) ±14.2059

May Spread (Stable) ±0.7222

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 6.9397 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -6.9397

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 33.5363) against the same month in 2022 (average: 34.6402), the exchange rate shifted by -1.1040 (-3.19%).

2023 Avg (January) 33.5363

2022 Avg (January) 34.6402

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.8479	32.5295	33.5363
February	33.2574	32.3487	32.9430
March	33.8659	32.5165	33.2773
April	32.5735	31.7953	32.2420
May	32.5203	31.7980	32.1825
June	32.4870	18.2810	26.3240
July	19.8826	18.9501	19.3843
August	20.2562	19.4959	19.8933
September	20.6164	19.4256	19.8669
October	20.7837	17.9606	20.1604
November	20.2063	18.7348	19.4566
December	20.2323	17.1327	19.1505