2023 NGN to SRD Historical Review

YEARLY HIGH

0.0821 SRD

YEARLY LOW

0.0409 SRD

YEARLY AVERAGE

0.0612 SRD

2023 NGN to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 10, valuing the pair at 0.0821. Conversely, the yearly low was recorded on December 30, dropping to 0.0409.

This high-to-low spread represents a total annual volatility of 0.0412 SRD. From a start-to-finish perspective, comparing the January average rate of 0.0700 to the December average rate of 0.0462, the exchange rate registered a net change of -33.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0821 was up 14.05% compared to the 2022 peak of 0.0720, 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 82,104 SRD

2022 Average 57,012 SRD

Yearly Trough Low 40,906 SRD

Transaction Impact: A difference of 41,198.00 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0844

0.0428

JanuMarcMayJulySeptNove

NGN to SRD 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 0.0739, compared to 0.0485 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0255 points.

H1 Avg (Jan–Jun) 0.0739

H2 Avg (Jul–Dec) 0.0485

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0358 SRD (High: 0.0820 / Low: 0.0462). On the other end, August was the most stable month, with a tight range of 0.0018 SRD (High: 0.0511 / Low: 0.0493).

June Spread (Volatile) ±0.0358

August Spread (Stable) ±0.0018

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 0.0175 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0809) against the same month in 2022 (average: 0.0505), the exchange rate shifted by +0.0305 (+60.38%).

2023 Avg (May) 0.0809

2022 Avg (May) 0.0505

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0714	0.0689	0.0700
February	0.0736	0.0695	0.0713
March	0.0784	0.0728	0.0752
April	0.0812	0.0775	0.0797
May	0.0821	0.0802	0.0809
June	0.0820	0.0462	0.0664
July	0.0508	0.0480	0.0489
August	0.0511	0.0493	0.0499
September	0.0513	0.0485	0.0495
October	0.0503	0.0430	0.0488
November	0.0488	0.0463	0.0474
December	0.0483	0.0409	0.0462