2023 NGN to RUB Historical Review

YEARLY HIGH

0.1812 RUB

YEARLY LOW

0.0986 RUB

YEARLY AVERAGE

0.1408 RUB

2023 NGN to RUB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 0.1812. Conversely, the yearly low was recorded on December 28, dropping to 0.0986.

This high-to-low spread represents a total annual volatility of 0.0827 RUB. From a start-to-finish perspective, comparing the January average rate of 0.1539 to the December average rate of 0.1127, the exchange rate registered a net change of -26.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1812 was down 47.24% compared to the 2022 peak of 0.3435, 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 181,231 RUB

2022 Average 165,376 RUB

Yearly Trough Low 98,579 RUB

Transaction Impact: A difference of 82,651.49 RUB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1819

0.1064

JanuMarcMayJulySeptNove

NGN to RUB 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 0.1622, compared to 0.1194 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0428 points.

H1 Avg (Jan–Jun) 0.1622

H2 Avg (Jul–Dec) 0.1194

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0784 RUB (High: 0.1812 / Low: 0.1028). On the other end, March was the most stable month, with a tight range of 0.0067 RUB (High: 0.1696 / Low: 0.1628).

June Spread (Volatile) ±0.0784

March Spread (Stable) ±0.0067

Growth Streaks & Declines

Trends

Between January and April, 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 0.0299 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1465) against the same month in 2022 (average: 0.1385), the exchange rate shifted by +0.0080 (+5.75%).

2023 Avg (June) 0.1465

2022 Avg (June) 0.1385

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1648	0.1463	0.1539
February	0.1656	0.1519	0.1597
March	0.1696	0.1628	0.1661
April	0.1782	0.1684	0.1756
May	0.1763	0.1650	0.1716
June	0.1812	0.1028	0.1465
July	0.1205	0.1138	0.1166
August	0.1300	0.1212	0.1249
September	0.1306	0.1223	0.1250
October	0.1331	0.1058	0.1243
November	0.1189	0.1078	0.1131
December	0.1204	0.0986	0.1127