2023 NGN to SAR Historical Review

YEARLY HIGH

0.0084 SAR

YEARLY LOW

0.0042 SAR

YEARLY AVERAGE

0.0063 SAR

2023 NGN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0084. Conversely, the yearly low was recorded on December 30, dropping to 0.0042.

This high-to-low spread represents a total annual volatility of 0.0042 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0083 to the December average rate of 0.0046, the exchange rate registered a net change of -43.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0084 was down 7.91% compared to the 2022 peak of 0.0091, 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 8,411 SAR

2022 Average 8,869 SAR

Yearly Trough Low 4,175 SAR

Transaction Impact: A difference of 4,236.05 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0086

0.0043

JanuMarcMayJulySeptNove

NGN to SAR 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 0.0048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.0079

H2 Avg (Jul–Dec) 0.0048

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0036 SAR (High: 0.0081 / Low: 0.0046). On the other end, May was the most stable month, with a tight range of 0.0000 SAR (High: 0.0082 / Low: 0.0081).

June Spread (Volatile) ±0.0036

May Spread (Stable) ±0.0000

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 0.0018 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0083) against the same month in 2022 (average: 0.0091), the exchange rate shifted by -0.0008 (-8.89%).

2023 Avg (January) 0.0083

2022 Avg (January) 0.0091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0084	0.0082	0.0083
February	0.0082	0.0081	0.0081
March	0.0083	0.0081	0.0082
April	0.0082	0.0081	0.0081
May	0.0082	0.0081	0.0081
June	0.0081	0.0046	0.0066
July	0.0049	0.0047	0.0048
August	0.0050	0.0048	0.0049
September	0.0050	0.0048	0.0048
October	0.0049	0.0042	0.0048
November	0.0048	0.0045	0.0047
December	0.0049	0.0042	0.0046