2023 NGN to VND Historical Review

YEARLY HIGH

52.8562 VND

YEARLY LOW

27.0169 VND

YEARLY AVERAGE

40.1780 VND

2023 NGN to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 52.8562. Conversely, the yearly low was recorded on December 30, dropping to 27.0169.

This high-to-low spread represents a total annual volatility of 25.8393 VND. From a start-to-finish perspective, comparing the January average rate of 51.6306 to the December average rate of 30.0355, the exchange rate registered a net change of -41.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 52.8562 was down 7.55% compared to the 2022 peak of 57.1708, 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 52,856,212 VND

2022 Average 55,259,026 VND

Yearly Trough Low 27,016,879 VND

Transaction Impact: A difference of 25,839,332.93 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

53.7901

27.8760

JanuMarcMayJulySeptNove

NGN to VND 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 49.5886, compared to 30.7675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.8211 points.

H1 Avg (Jan–Jun) 49.5886

H2 Avg (Jul–Dec) 30.7675

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 22.3601 VND (High: 50.9432 / Low: 28.5831). On the other end, May was the most stable month, with a tight range of 0.2889 VND (High: 50.9727 / Low: 50.6838).

June Spread (Volatile) ±22.3601

May Spread (Stable) ±0.2889

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 10.9835 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -10.9835

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 51.6306) against the same month in 2022 (average: 54.8759), the exchange rate shifted by -3.2453 (-5.91%).

2023 Avg (January) 51.6306

2022 Avg (January) 54.8759

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	52.8562	50.9215	51.6306
February	51.9669	50.6707	51.3682
March	51.9751	50.9977	51.3454
April	51.1818	50.4229	50.8827
May	50.9727	50.6838	50.8666
June	50.9432	28.5831	41.4378
July	31.1519	29.8679	30.4543
August	31.7598	30.5381	31.1036
September	32.3594	30.4956	31.3000
October	32.1401	27.7960	31.3214
November	31.4333	29.4705	30.3901
December	31.8608	27.0169	30.0355