2023 NGN to YER Historical Review

YEARLY HIGH

0.5598 YER

YEARLY LOW

0.2786 YER

YEARLY AVERAGE

0.4233 YER

2023 NGN to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.5598. Conversely, the yearly low was recorded on December 30, dropping to 0.2786.

This high-to-low spread represents a total annual volatility of 0.2812 YER. From a start-to-finish perspective, comparing the January average rate of 0.5507 to the December average rate of 0.3095, the exchange rate registered a net change of -43.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5598 was down 8.07% compared to the 2022 peak of 0.6089, 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 559,757 YER

2022 Average 591,107 YER

Yearly Trough Low 278,586 YER

Transaction Impact: A difference of 281,171.00 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5748

0.2854

JanuMarcMayJulySeptNove

NGN to YER 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 0.5276, compared to 0.3190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2086 points.

H1 Avg (Jan–Jun) 0.5276

H2 Avg (Jul–Dec) 0.3190

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.2388 YER (High: 0.5430 / Low: 0.3042). On the other end, May was the most stable month, with a tight range of 0.0026 YER (High: 0.5438 / Low: 0.5412).

June Spread (Volatile) ±0.2388

May Spread (Stable) ±0.0026

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 0.1191 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1191

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5507) against the same month in 2022 (average: 0.6048), the exchange rate shifted by -0.0542 (-8.95%).

2023 Avg (January) 0.5507

2022 Avg (January) 0.6048

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5598	0.5436	0.5507
February	0.5461	0.5407	0.5438
March	0.5514	0.5433	0.5445
April	0.5458	0.5384	0.5427
May	0.5438	0.5412	0.5426
June	0.5430	0.3042	0.4413
July	0.3296	0.3158	0.3222
August	0.3334	0.3217	0.3262
September	0.3360	0.3174	0.3235
October	0.3300	0.2833	0.3203
November	0.3205	0.3041	0.3127
December	0.3274	0.2786	0.3095