2023 NPR to INR Historical Review

YEARLY HIGH

0.6335 INR

YEARLY LOW

0.6174 INR

YEARLY AVERAGE

0.6252 INR

2023 NPR to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.6335. Conversely, the yearly low was recorded on March 4, dropping to 0.6174.

This high-to-low spread represents a total annual volatility of 0.0161 INR. From a start-to-finish perspective, comparing the January average rate of 0.6243 to the December average rate of 0.6244, the exchange rate registered a net change of 0.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6335 was up 0.38% compared to the 2022 peak of 0.6311, 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 3,167 INR

2022 Average 3,126 INR

Yearly Trough Low 3,087 INR

Transaction Impact: A difference of 80.31 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6259

0.6241

JanuMarcMayJulySeptNove

NPR to INR 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 0.6251, compared to 0.6253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.6251

H2 Avg (Jul–Dec) 0.6253

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0161 INR (High: 0.6335 / Low: 0.6174). On the other end, October was the most stable month, with a tight range of 0.0042 INR (High: 0.6278 / Low: 0.6236).

March Spread (Volatile) ±0.0161

October Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between August and October, 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 November and December, when the average rate fell by 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.6252) against the same month in 2022 (average: 0.6253), the exchange rate shifted by -0.0001 (-0.01%).

2023 Avg (March) 0.6252

2022 Avg (March) 0.6253

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6268	0.6217	0.6243
February	0.6301	0.6230	0.6253
March	0.6335	0.6174	0.6252
April	0.6329	0.6234	0.6254
May	0.6285	0.6225	0.6253
June	0.6290	0.6222	0.6249
July	0.6297	0.6194	0.6257
August	0.6288	0.6230	0.6252
September	0.6277	0.6227	0.6253
October	0.6278	0.6236	0.6256
November	0.6297	0.6235	0.6255
December	0.6265	0.6196	0.6244