2023 NGN to PEN Historical Review

YEARLY HIGH

0.0085 PEN

YEARLY LOW

0.0041 PEN

YEARLY AVERAGE

0.0063 PEN

2023 NGN to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.0085. Conversely, the yearly low was recorded on December 30, dropping to 0.0041.

This high-to-low spread represents a total annual volatility of 0.0044 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0084 to the December average rate of 0.0046, the exchange rate registered a net change of -45.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0085 was down 12.06% compared to the 2022 peak of 0.0097, 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 8,530 PEN

2022 Average 9,052 PEN

Yearly Trough Low 4,119 PEN

Transaction Impact: A difference of 4,411.29 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0088

0.0042

JanuMarcMayJulySeptNove

NGN to PEN 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 0.0079, compared to 0.0047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0079

H2 Avg (Jul–Dec) 0.0047

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0036 PEN (High: 0.0080 / Low: 0.0044). On the other end, March was the most stable month, with a tight range of 0.0001 PEN (High: 0.0083 / Low: 0.0082).

June Spread (Volatile) ±0.0036

March Spread (Stable) ±0.0001

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 0.0018 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0084) against the same month in 2022 (average: 0.0094), the exchange rate shifted by -0.0010 (-10.63%).

2023 Avg (January) 0.0084

2022 Avg (January) 0.0094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0085	0.0083	0.0084
February	0.0085	0.0083	0.0083
March	0.0083	0.0082	0.0082
April	0.0082	0.0080	0.0081
May	0.0081	0.0079	0.0080
June	0.0080	0.0044	0.0064
July	0.0048	0.0045	0.0046
August	0.0049	0.0047	0.0048
September	0.0050	0.0047	0.0048
October	0.0051	0.0044	0.0049
November	0.0049	0.0046	0.0047
December	0.0048	0.0041	0.0046