2023 NGN to THB Historical Review

YEARLY HIGH

0.0774 THB

YEARLY LOW

0.0381 THB

YEARLY AVERAGE

0.0585 THB

2023 NGN to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0774. Conversely, the yearly low was recorded on December 29, dropping to 0.0381.

This high-to-low spread represents a total annual volatility of 0.0392 THB. From a start-to-finish perspective, comparing the January average rate of 0.0731 to the December average rate of 0.0432, the exchange rate registered a net change of -40.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0774 was down 12.37% compared to the 2022 peak of 0.0883, 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 77,378 THB

2022 Average 82,696 THB

Yearly Trough Low 38,140 THB

Transaction Impact: A difference of 39,238.40 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0780

0.0400

JanuMarcMayJulySeptNove

NGN to THB 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 0.0719, compared to 0.0451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0268 points.

H1 Avg (Jan–Jun) 0.0719

H2 Avg (Jul–Dec) 0.0451

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0328 THB (High: 0.0755 / Low: 0.0427). On the other end, April was the most stable month, with a tight range of 0.0021 THB (High: 0.0749 / Low: 0.0728).

June Spread (Volatile) ±0.0328

April Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between July and October, 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 0.0168 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0731) against the same month in 2022 (average: 0.0803), the exchange rate shifted by -0.0072 (-9.02%).

2023 Avg (January) 0.0731

2022 Avg (January) 0.0803

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0774	0.0712	0.0731
February	0.0766	0.0711	0.0740
March	0.0763	0.0738	0.0749
April	0.0749	0.0728	0.0741
May	0.0754	0.0727	0.0741
June	0.0755	0.0427	0.0614
July	0.0465	0.0430	0.0446
August	0.0467	0.0444	0.0457
September	0.0478	0.0451	0.0463
October	0.0487	0.0409	0.0467
November	0.0458	0.0423	0.0443
December	0.0452	0.0381	0.0432