2023 NGN to NPR Historical Review

YEARLY HIGH

0.2960 NPR

YEARLY LOW

0.1485 NPR

YEARLY AVERAGE

0.2231 NPR

2023 NGN to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.2960. Conversely, the yearly low was recorded on December 30, dropping to 0.1485.

This high-to-low spread represents a total annual volatility of 0.1476 NPR. From a start-to-finish perspective, comparing the January average rate of 0.2880 to the December average rate of 0.1649, the exchange rate registered a net change of -42.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2960 was down 3.97% compared to the 2022 peak of 0.3082, 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 296,010 NPR

2022 Average 296,733 NPR

Yearly Trough Low 148,451 NPR

Transaction Impact: A difference of 147,558.76 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3003

0.1526

JanuMarcMayJulySeptNove

NGN to NPR 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 0.2771, compared to 0.1691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1080 points.

H1 Avg (Jan–Jun) 0.2771

H2 Avg (Jul–Dec) 0.1691

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1274 NPR (High: 0.2868 / Low: 0.1594). On the other end, May was the most stable month, with a tight range of 0.0041 NPR (High: 0.2875 / Low: 0.2834).

June Spread (Volatile) ±0.1274

May Spread (Stable) ±0.0041

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 0.0629 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0629

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2880) against the same month in 2022 (average: 0.2878), the exchange rate shifted by +0.0003 (+0.09%).

2023 Avg (January) 0.2880

2022 Avg (January) 0.2878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2960	0.2826	0.2880
February	0.2886	0.2843	0.2871
March	0.2883	0.2834	0.2861
April	0.2862	0.2805	0.2841
May	0.2875	0.2834	0.2854
June	0.2868	0.1594	0.2320
July	0.1732	0.1652	0.1691
August	0.1764	0.1701	0.1727
September	0.1782	0.1681	0.1716
October	0.1749	0.1505	0.1702
November	0.1707	0.1610	0.1663
December	0.1744	0.1485	0.1649