2023 NGN to MDL Historical Review

YEARLY HIGH

0.0428 MDL

YEARLY LOW

0.0193 MDL

YEARLY AVERAGE

0.0307 MDL

2023 NGN to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0428. Conversely, the yearly low was recorded on December 28, dropping to 0.0193.

This high-to-low spread represents a total annual volatility of 0.0235 MDL. From a start-to-finish perspective, comparing the January average rate of 0.0418 to the December average rate of 0.0218, the exchange rate registered a net change of -47.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0428 was down 7.96% compared to the 2022 peak of 0.0465, 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 42,823 MDL

2022 Average 44,551 MDL

Yearly Trough Low 19,275 MDL

Transaction Impact: A difference of 23,547.63 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0438

0.0198

JanuMarcMayJulySeptNove

NGN to MDL 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 0.0387, compared to 0.0228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0159 points.

H1 Avg (Jan–Jun) 0.0387

H2 Avg (Jul–Dec) 0.0228

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0165 MDL (High: 0.0386 / Low: 0.0220). On the other end, February was the most stable month, with a tight range of 0.0005 MDL (High: 0.0411 / Low: 0.0406).

June Spread (Volatile) ±0.0165

February Spread (Stable) ±0.0005

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 0.0085 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0085

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0418) against the same month in 2022 (average: 0.0433), the exchange rate shifted by -0.0015 (-3.53%).

2023 Avg (January) 0.0418

2022 Avg (January) 0.0433

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0428	0.0407	0.0418
February	0.0411	0.0406	0.0408
March	0.0411	0.0398	0.0405
April	0.0398	0.0385	0.0391
May	0.0390	0.0382	0.0385
June	0.0386	0.0220	0.0315
July	0.0241	0.0218	0.0230
August	0.0235	0.0226	0.0230
September	0.0241	0.0227	0.0232
October	0.0239	0.0205	0.0232
November	0.0231	0.0216	0.0223
December	0.0230	0.0193	0.0218