2023 NGN to JPY Historical Review

YEARLY HIGH

0.3058 JPY

YEARLY LOW

0.1570 JPY

YEARLY AVERAGE

0.2349 JPY

2023 NGN to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on May 28, valuing the pair at 0.3058. Conversely, the yearly low was recorded on December 30, dropping to 0.1570.

This high-to-low spread represents a total annual volatility of 0.1488 JPY. From a start-to-finish perspective, comparing the January average rate of 0.2864 to the December average rate of 0.1777, the exchange rate registered a net change of -37.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3058 was down 11.16% compared to the 2022 peak of 0.3442, 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 305,775 JPY

2022 Average 310,059 JPY

Yearly Trough Low 156,993 JPY

Transaction Impact: A difference of 148,781.76 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3095

0.1658

JanuMarcMayJulySeptNove

NGN to JPY 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 0.2836, compared to 0.1863 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0974 points.

H1 Avg (Jan–Jun) 0.2836

H2 Avg (Jul–Dec) 0.1863

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1293 JPY (High: 0.3039 / Low: 0.1746). On the other end, August was the most stable month, with a tight range of 0.0099 JPY (High: 0.1932 / Low: 0.1833).

June Spread (Volatile) ±0.1293

August Spread (Stable) ±0.0099

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 0.0667 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0667

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.2975) against the same month in 2022 (average: 0.3103), the exchange rate shifted by -0.0128 (-4.12%).

2023 Avg (May) 0.2975

2022 Avg (May) 0.3103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2973	0.2788	0.2864
February	0.2973	0.2793	0.2893
March	0.2984	0.2839	0.2906
April	0.2962	0.2835	0.2896
May	0.3058	0.2907	0.2975
June	0.3039	0.1746	0.2484
July	0.1901	0.1758	0.1817
August	0.1932	0.1833	0.1887
September	0.1976	0.1865	0.1910
October	0.1967	0.1696	0.1913
November	0.1914	0.1809	0.1871
December	0.1864	0.1570	0.1777