2023 NGN to XPF Historical Review

YEARLY HIGH

0.2529 XPF

YEARLY LOW

0.1201 XPF

YEARLY AVERAGE

0.1866 XPF

2023 NGN to XPF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to XPF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.2529. Conversely, the yearly low was recorded on December 28, dropping to 0.1201.

This high-to-low spread represents a total annual volatility of 0.1328 XPF. From a start-to-finish perspective, comparing the January average rate of 0.2434 to the December average rate of 0.1351, the exchange rate registered a net change of -44.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2529 was down 11.88% compared to the 2022 peak of 0.2870, 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 252,940 XPF

2022 Average 267,899 XPF

Yearly Trough Low 120,130 XPF

Transaction Impact: A difference of 132,809.62 XPF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2542

0.1243

JanuMarcMayJulySeptNove

NGN to XPF 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 0.2326, compared to 0.1405 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0920 points.

H1 Avg (Jan–Jun) 0.2326

H2 Avg (Jul–Dec) 0.1405

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1089 XPF (High: 0.2418 / Low: 0.1328). On the other end, August was the most stable month, with a tight range of 0.0061 XPF (High: 0.1462 / Low: 0.1401).

June Spread (Volatile) ±0.1089

August Spread (Stable) ±0.0061

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 0.0554 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0554

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2434) against the same month in 2022 (average: 0.2548), the exchange rate shifted by -0.0114 (-4.47%).

2023 Avg (January) 0.2434

2022 Avg (January) 0.2548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2529	0.2385	0.2434
February	0.2457	0.2353	0.2422
March	0.2457	0.2377	0.2423
April	0.2399	0.2314	0.2354
May	0.2420	0.2307	0.2378
June	0.2418	0.1328	0.1943
July	0.1440	0.1346	0.1389
August	0.1462	0.1401	0.1425
September	0.1490	0.1412	0.1444
October	0.1490	0.1275	0.1445
November	0.1432	0.1328	0.1378
December	0.1417	0.1201	0.1351