2023 NGN to UAH Historical Review

YEARLY HIGH

0.0822 UAH

YEARLY LOW

0.0414 UAH

YEARLY AVERAGE

0.0622 UAH

2023 NGN to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0822. Conversely, the yearly low was recorded on October 24, dropping to 0.0414.

This high-to-low spread represents a total annual volatility of 0.0408 UAH. From a start-to-finish perspective, comparing the January average rate of 0.0809 to the December average rate of 0.0460, the exchange rate registered a net change of -43.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0822 was down 7.76% compared to the 2022 peak of 0.0891, 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 82,189 UAH

2022 Average 76,911 UAH

Yearly Trough Low 41,384 UAH

Transaction Impact: A difference of 40,805.75 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0844

0.0415

JanuMarcMayJulySeptNove

NGN to UAH 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 0.0776, compared to 0.0468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0308 points.

H1 Avg (Jan–Jun) 0.0776

H2 Avg (Jul–Dec) 0.0468

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0355 UAH (High: 0.0803 / Low: 0.0449). On the other end, May was the most stable month, with a tight range of 0.0007 UAH (High: 0.0803 / Low: 0.0796).

June Spread (Volatile) ±0.0355

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 0.0177 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0177

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0809) against the same month in 2022 (average: 0.0677), the exchange rate shifted by +0.0132 (+19.53%).

2023 Avg (January) 0.0809

2022 Avg (January) 0.0677

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0822	0.0797	0.0809
February	0.0806	0.0797	0.0800
March	0.0805	0.0797	0.0801
April	0.0802	0.0791	0.0798
May	0.0803	0.0796	0.0800
June	0.0803	0.0449	0.0651
July	0.0486	0.0464	0.0474
August	0.0489	0.0474	0.0481
September	0.0493	0.0468	0.0477
October	0.0481	0.0414	0.0467
November	0.0465	0.0437	0.0451
December	0.0494	0.0424	0.0460