2023 NGN to SEK Historical Review

YEARLY HIGH

0.0238 SEK

YEARLY LOW

0.0111 SEK

YEARLY AVERAGE

0.0179 SEK

2023 NGN to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0238. Conversely, the yearly low was recorded on December 28, dropping to 0.0111.

This high-to-low spread represents a total annual volatility of 0.0127 SEK. From a start-to-finish perspective, comparing the January average rate of 0.0229 to the December average rate of 0.0127, the exchange rate registered a net change of -44.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0238 was down 9.20% compared to the 2022 peak of 0.0262, 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 23,833 SEK

2022 Average 23,877 SEK

Yearly Trough Low 11,125 SEK

Transaction Impact: A difference of 12,708.00 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0239

0.0117

JanuMarcMayJulySeptNove

NGN to SEK 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 0.0221, compared to 0.0137 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.0221

H2 Avg (Jul–Dec) 0.0137

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0106 SEK (High: 0.0236 / Low: 0.0130). On the other end, April was the most stable month, with a tight range of 0.0006 SEK (High: 0.0228 / Low: 0.0222).

June Spread (Volatile) ±0.0106

April Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between July and September, 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 0.0054 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0229) against the same month in 2022 (average: 0.0221), the exchange rate shifted by +0.0007 (+3.35%).

2023 Avg (January) 0.0229

2022 Avg (January) 0.0221

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0238	0.0223	0.0229
February	0.0231	0.0224	0.0227
March	0.0234	0.0224	0.0229
April	0.0228	0.0222	0.0224
May	0.0235	0.0220	0.0227
June	0.0236	0.0130	0.0190
July	0.0142	0.0130	0.0136
August	0.0146	0.0137	0.0141
September	0.0149	0.0140	0.0143
October	0.0145	0.0126	0.0141
November	0.0142	0.0127	0.0133
December	0.0132	0.0111	0.0127