2023 NGN to PKR Historical Review

YEARLY HIGH

0.6398 PKR

YEARLY LOW

0.3103 PKR

YEARLY AVERAGE

0.4692 PKR

2023 NGN to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 0.6398. Conversely, the yearly low was recorded on December 30, dropping to 0.3103.

This high-to-low spread represents a total annual volatility of 0.3295 PKR. From a start-to-finish perspective, comparing the January average rate of 0.5141 to the December average rate of 0.3489, the exchange rate registered a net change of -32.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6398 was up 11.28% compared to the 2022 peak of 0.5750, 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 639,794 PKR

2022 Average 482,473 PKR

Yearly Trough Low 310,289 PKR

Transaction Impact: A difference of 329,505.15 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6464

0.3218

JanuMarcMayJulySeptNove

NGN to PKR 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 0.5733, compared to 0.3651 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2081 points.

H1 Avg (Jan–Jun) 0.5733

H2 Avg (Jul–Dec) 0.3651

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2732 PKR (High: 0.6213 / Low: 0.3481). On the other end, April was the most stable month, with a tight range of 0.0177 PKR (High: 0.6256 / Low: 0.6079).

June Spread (Volatile) ±0.2732

April Spread (Stable) ±0.0177

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1427 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1427

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.6193) against the same month in 2022 (average: 0.4675), the exchange rate shifted by +0.1519 (+32.49%).

2023 Avg (May) 0.6193

2022 Avg (May) 0.4675

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5827	0.4979	0.5141
February	0.5996	0.5413	0.5766
March	0.6165	0.5704	0.6094
April	0.6256	0.6079	0.6150
May	0.6398	0.6148	0.6193
June	0.6213	0.3481	0.5052
July	0.3770	0.3519	0.3625
August	0.3969	0.3676	0.3824
September	0.4076	0.3693	0.3847
October	0.3756	0.3164	0.3575
November	0.3642	0.3463	0.3548
December	0.3695	0.3103	0.3489