2023 NGN to TWD Historical Review

YEARLY HIGH

0.0687 TWD

YEARLY LOW

0.0342 TWD

YEARLY AVERAGE

0.0524 TWD

2023 NGN to TWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.0687. Conversely, the yearly low was recorded on December 30, dropping to 0.0342.

This high-to-low spread represents a total annual volatility of 0.0345 TWD. From a start-to-finish perspective, comparing the January average rate of 0.0669 to the December average rate of 0.0386, the exchange rate registered a net change of -42.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0687 was down 7.06% compared to the 2022 peak of 0.0739, 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 68,686 TWD

2022 Average 70,286 TWD

Yearly Trough Low 34,158 TWD

Transaction Impact: A difference of 34,527.75 TWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0697

0.0358

JanuMarcMayJulySeptNove

NGN to TWD 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 0.0644, compared to 0.0405 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0239 points.

H1 Avg (Jan–Jun) 0.0644

H2 Avg (Jul–Dec) 0.0405

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0288 TWD (High: 0.0665 / Low: 0.0377). On the other end, May was the most stable month, with a tight range of 0.0007 TWD (High: 0.0669 / Low: 0.0662).

June Spread (Volatile) ±0.0288

May Spread (Stable) ±0.0007

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 0.0141 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0669) against the same month in 2022 (average: 0.0668), the exchange rate shifted by +0.0000 (+0.04%).

2023 Avg (January) 0.0669

2022 Avg (January) 0.0668

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0687	0.0653	0.0669
February	0.0668	0.0645	0.0658
March	0.0675	0.0659	0.0665
April	0.0668	0.0654	0.0663
May	0.0669	0.0662	0.0666
June	0.0665	0.0377	0.0543
July	0.0414	0.0392	0.0401
August	0.0424	0.0407	0.0415
September	0.0429	0.0405	0.0414
October	0.0424	0.0366	0.0413
November	0.0411	0.0383	0.0398
December	0.0407	0.0342	0.0386