2023 NPR to IDR Historical Review

YEARLY HIGH

119.7756 IDR

YEARLY LOW

111.7652 IDR

YEARLY AVERAGE

115.3897 IDR

2023 NPR to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 119.7756. Conversely, the yearly low was recorded on May 6, dropping to 111.7652.

This high-to-low spread represents a total annual volatility of 8.0104 IDR. From a start-to-finish perspective, comparing the January average rate of 116.4245 to the December average rate of 116.1392, the exchange rate registered a net change of -0.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 119.7756 was down 1.50% compared to the 2022 peak of 121.5978, 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 598,878 IDR

2022 Average 590,694 IDR

Yearly Trough Low 558,826 IDR

Transaction Impact: A difference of 40,051.80 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

119.0306

112.1977

JanuMarcMayJulySeptNove

NPR to IDR 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 114.5696, compared to 116.2098 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6402 points.

H1 Avg (Jan–Jun) 114.5696

H2 Avg (Jul–Dec) 116.2098

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 4.7004 IDR (High: 118.7531 / Low: 114.0527). On the other end, August was the most stable month, with a tight range of 1.3371 IDR (High: 115.6878 / Low: 114.3506).

March Spread (Volatile) ±4.7004

August Spread (Stable) ±1.3371

Growth Streaks & Declines

Trends

Between May and October, 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 March and April, when the average rate fell by 2.8060 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.8060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 118.4611) against the same month in 2022 (average: 117.1983), the exchange rate shifted by +1.2629 (+1.08%).

2023 Avg (October) 118.4611

2022 Avg (October) 117.1983

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	118.5977	114.3293	116.4245
February	115.3574	113.3186	114.7606
March	118.7531	114.0527	116.3032
April	114.7990	112.1177	113.4973
May	113.5605	111.7652	112.7671
June	115.0311	112.3627	113.6650
July	115.3909	112.9972	114.6424
August	115.6878	114.3506	115.2232
September	116.8732	115.0595	115.7669
October	119.7756	116.0709	118.4611
November	119.3861	115.1895	117.0260
December	117.2669	115.0821	116.1392