2023 NGN to MMK Historical Review

YEARLY HIGH

4.6967 MMK

YEARLY LOW

2.3423 MMK

YEARLY AVERAGE

3.5497 MMK

2023 NGN to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 4.6967. Conversely, the yearly low was recorded on December 30, dropping to 2.3423.

This high-to-low spread represents a total annual volatility of 2.3544 MMK. From a start-to-finish perspective, comparing the January average rate of 4.6198 to the December average rate of 2.6000, the exchange rate registered a net change of -43.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 4.6967 was down 6.27% compared to the 2022 peak of 5.0107, 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 4,696,689 MMK

2022 Average 4,548,761 MMK

Yearly Trough Low 2,342,255 MMK

Transaction Impact: A difference of 2,354,434.43 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4.8218

2.3980

JanuMarcMayJulySeptNove

NGN to MMK 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 4.4238, compared to 2.6756 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7482 points.

H1 Avg (Jan–Jun) 4.4238

H2 Avg (Jul–Dec) 2.6756

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.0167 MMK (High: 4.5684 / Low: 2.5517). On the other end, February was the most stable month, with a tight range of 0.0247 MMK (High: 4.5800 / Low: 4.5553).

June Spread (Volatile) ±2.0167

February Spread (Stable) ±0.0247

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 1.0015 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 4.6198) against the same month in 2022 (average: 4.2964), the exchange rate shifted by +0.3234 (+7.53%).

2023 Avg (January) 4.6198

2022 Avg (January) 4.2964

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.6967	4.5587	4.6198
February	4.5800	4.5553	4.5622
March	4.5764	4.5395	4.5615
April	4.5638	4.5004	4.5482
May	4.5663	4.5265	4.5501
June	4.5684	2.5517	3.7013
July	2.7634	2.6479	2.6998
August	2.7957	2.6978	2.7364
September	2.8198	2.6586	2.7130
October	2.7578	2.3769	2.6848
November	2.6869	2.5383	2.6197
December	2.7517	2.3423	2.6000