2023 NGN to TJS Historical Review

YEARLY HIGH

0.0238 TJS

YEARLY LOW

0.0122 TJS

YEARLY AVERAGE

0.0182 TJS

2023 NGN to TJS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to TJS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 28, valuing the pair at 0.0238. Conversely, the yearly low was recorded on December 30, dropping to 0.0122.

This high-to-low spread represents a total annual volatility of 0.0116 TJS. From a start-to-finish perspective, comparing the January average rate of 0.0225 to the December average rate of 0.0135, the exchange rate registered a net change of -39.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0238 was down 24.28% compared to the 2022 peak of 0.0314, 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 23,767 TJS

2022 Average 25,953 TJS

Yearly Trough Low 12,207 TJS

Transaction Impact: A difference of 11,559.52 TJS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0247

0.0125

JanuMarcMayJulySeptNove

NGN to TJS 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 0.0224, compared to 0.0140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0085 points.

H1 Avg (Jan–Jun) 0.0224

H2 Avg (Jul–Dec) 0.0140

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0105 TJS (High: 0.0238 / Low: 0.0133). On the other end, May was the most stable month, with a tight range of 0.0002 TJS (High: 0.0238 / Low: 0.0236).

June Spread (Volatile) ±0.0105

May Spread (Stable) ±0.0002

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 0.0052 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0237) against the same month in 2022 (average: 0.0300), the exchange rate shifted by -0.0064 (-21.23%).

2023 Avg (May) 0.0237

2022 Avg (May) 0.0300

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0228	0.0222	0.0225
February	0.0233	0.0218	0.0226
March	0.0238	0.0217	0.0230
April	0.0237	0.0234	0.0236
May	0.0238	0.0236	0.0237
June	0.0238	0.0133	0.0193
July	0.0144	0.0138	0.0141
August	0.0146	0.0141	0.0143
September	0.0147	0.0139	0.0142
October	0.0144	0.0124	0.0140
November	0.0141	0.0132	0.0137
December	0.0143	0.0122	0.0135