2023 NGN to TTD Historical Review

YEARLY HIGH

0.0152 TTD

YEARLY LOW

0.0076 TTD

YEARLY AVERAGE

0.0115 TTD

2023 NGN to TTD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to TTD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0152. Conversely, the yearly low was recorded on December 29, dropping to 0.0076.

This high-to-low spread represents a total annual volatility of 0.0076 TTD. From a start-to-finish perspective, comparing the January average rate of 0.0149 to the December average rate of 0.0084, the exchange rate registered a net change of -43.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0152 was down 8.05% compared to the 2022 peak of 0.0165, 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 15,198 TTD

2022 Average 16,035 TTD

Yearly Trough Low 7,570 TTD

Transaction Impact: A difference of 7,628.16 TTD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0156

0.0078

JanuMarcMayJulySeptNove

NGN to TTD 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 0.0143, compared to 0.0086 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0057 points.

H1 Avg (Jan–Jun) 0.0143

H2 Avg (Jul–Dec) 0.0086

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0065 TTD (High: 0.0148 / Low: 0.0083). On the other end, March was the most stable month, with a tight range of 0.0001 TTD (High: 0.0148 / Low: 0.0147).

June Spread (Volatile) ±0.0065

March Spread (Stable) ±0.0001

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 0.0032 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0149) against the same month in 2022 (average: 0.0164), the exchange rate shifted by -0.0015 (-8.97%).

2023 Avg (January) 0.0149

2022 Avg (January) 0.0164

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0152	0.0147	0.0149
February	0.0149	0.0147	0.0148
March	0.0148	0.0147	0.0147
April	0.0148	0.0146	0.0147
May	0.0148	0.0146	0.0147
June	0.0148	0.0083	0.0120
July	0.0089	0.0086	0.0087
August	0.0090	0.0087	0.0088
September	0.0091	0.0086	0.0088
October	0.0089	0.0077	0.0087
November	0.0087	0.0082	0.0085
December	0.0089	0.0076	0.0084