2023 NGN to WST Historical Review

YEARLY HIGH

0.0060 WST

YEARLY LOW

0.0031 WST

YEARLY AVERAGE

0.0046 WST

2023 NGN to WST Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0060. Conversely, the yearly low was recorded on December 30, dropping to 0.0031.

This high-to-low spread represents a total annual volatility of 0.0029 WST. From a start-to-finish perspective, comparing the January average rate of 0.0059 to the December average rate of 0.0035, the exchange rate registered a net change of -41.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0060 was down 8.17% compared to the 2022 peak of 0.0066, 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 6,033 WST

2022 Average 6,315 WST

Yearly Trough Low 3,117 WST

Transaction Impact: A difference of 2,915.61 WST purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0062

0.0032

JanuMarcMayJulySeptNove

NGN to WST 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 0.0057, compared to 0.0035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0057

H2 Avg (Jul–Dec) 0.0035

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0026 WST (High: 0.0059 / Low: 0.0033). On the other end, May was the most stable month, with a tight range of 0.0000 WST (High: 0.0059 / Low: 0.0059).

June Spread (Volatile) ±0.0026

May Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0059) against the same month in 2022 (average: 0.0063), the exchange rate shifted by -0.0004 (-5.61%).

2023 Avg (January) 0.0059

2022 Avg (January) 0.0063

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0060	0.0059	0.0059
February	0.0059	0.0058	0.0059
March	0.0059	0.0059	0.0059
April	0.0059	0.0059	0.0059
May	0.0059	0.0059	0.0059
June	0.0059	0.0033	0.0048
July	0.0036	0.0034	0.0035
August	0.0036	0.0035	0.0035
September	0.0036	0.0034	0.0035
October	0.0037	0.0032	0.0035
November	0.0036	0.0034	0.0035
December	0.0037	0.0031	0.0035