2023 NPR to CNY Historical Review

YEARLY HIGH

0.0556 CNY

YEARLY LOW

0.0512 CNY

YEARLY AVERAGE

0.0535 CNY

2023 NPR to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 2, valuing the pair at 0.0556. Conversely, the yearly low was recorded on February 2, dropping to 0.0512.

This high-to-low spread represents a total annual volatility of 0.0044 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0519 to the December average rate of 0.0534, the exchange rate registered a net change of 2.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0556 was down 0.04% compared to the 2022 peak of 0.0556, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NPR based on timing:

Yearly Peak High 278 CNY

2022 Average 268 CNY

Yearly Trough Low 256 CNY

Transaction Impact: A difference of 22.03 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0552

0.0515

JanuMarcMayJulySeptNove

NPR to CNY 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 0.0527, compared to 0.0544 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0527

H2 Avg (Jul–Dec) 0.0544

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0019 CNY (High: 0.0550 / Low: 0.0531). On the other end, September was the most stable month, with a tight range of 0.0007 CNY (High: 0.0553 / Low: 0.0546).

November Spread (Volatile) ±0.0019

September Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0007 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0547) against the same month in 2022 (average: 0.0530), the exchange rate shifted by +0.0018 (+3.32%).

2023 Avg (July) 0.0547

2022 Avg (July) 0.0530

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0523	0.0514	0.0519
February	0.0526	0.0512	0.0518
March	0.0534	0.0519	0.0524
April	0.0535	0.0522	0.0526
May	0.0538	0.0526	0.0531
June	0.0553	0.0536	0.0544
July	0.0556	0.0539	0.0547
August	0.0551	0.0541	0.0546
September	0.0553	0.0546	0.0549
October	0.0551	0.0539	0.0547
November	0.0550	0.0531	0.0541
December	0.0538	0.0530	0.0534