2023 NGN to NZD Historical Review

YEARLY HIGH

0.0036 NZD

YEARLY LOW

0.0018 NZD

YEARLY AVERAGE

0.0027 NZD

2023 NGN to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 31, valuing the pair at 0.0036. Conversely, the yearly low was recorded on December 28, dropping to 0.0018.

This high-to-low spread represents a total annual volatility of 0.0018 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0034 to the December average rate of 0.0020, the exchange rate registered a net change of -42.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0036 was down 13.14% compared to the 2022 peak of 0.0041, 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 3,601 NZD

2022 Average 3,723 NZD

Yearly Trough Low 1,759 NZD

Transaction Impact: A difference of 1,841.98 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0037

0.0018

JanuMarcMayJulySeptNove

NGN to NZD 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 0.0034, compared to 0.0021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0034

H2 Avg (Jul–Dec) 0.0021

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0016 NZD (High: 0.0036 / Low: 0.0020). On the other end, March was the most stable month, with a tight range of 0.0001 NZD (High: 0.0036 / Low: 0.0035).

June Spread (Volatile) ±0.0016

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0035) against the same month in 2022 (average: 0.0038), the exchange rate shifted by -0.0003 (-7.10%).

2023 Avg (May) 0.0035

2022 Avg (May) 0.0038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0036	0.0033	0.0034
February	0.0035	0.0033	0.0035
March	0.0036	0.0035	0.0035
April	0.0035	0.0034	0.0035
May	0.0036	0.0034	0.0035
June	0.0036	0.0020	0.0029
July	0.0021	0.0020	0.0021
August	0.0022	0.0021	0.0022
September	0.0023	0.0021	0.0022
October	0.0022	0.0019	0.0022
November	0.0022	0.0020	0.0021
December	0.0021	0.0018	0.0020