2023 NPR to JPY Historical Review

YEARLY HIGH

1.1410 JPY

YEARLY LOW

0.9796 JPY

YEARLY AVERAGE

1.0635 JPY

2023 NPR to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 1.1410. Conversely, the yearly low was recorded on February 2, dropping to 0.9796.

This high-to-low spread represents a total annual volatility of 0.1614 JPY. From a start-to-finish perspective, comparing the January average rate of 0.9943 to the December average rate of 1.0777, the exchange rate registered a net change of 8.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1410 was down 0.09% compared to the 2022 peak of 1.1421, 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 5,705 JPY

2022 Average 5,221 JPY

Yearly Trough Low 4,898 JPY

Transaction Impact: A difference of 807.25 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1385

0.9812

JanuMarcMayJulySeptNove

NPR to JPY 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 1.0257, compared to 1.1013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0755 points.

H1 Avg (Jan–Jun) 1.0257

H2 Avg (Jul–Dec) 1.1013

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0650 JPY (High: 1.1075 / Low: 1.0425). On the other end, September was the most stable month, with a tight range of 0.0188 JPY (High: 1.1230 / Low: 1.1042).

July Spread (Volatile) ±0.0650

September Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between January and June, 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 0.0477 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0477

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.1254) against the same month in 2022 (average: 1.0857), the exchange rate shifted by +0.0397 (+3.66%).

2023 Avg (November) 1.1254

2022 Avg (November) 1.0857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0105	0.9798	0.9943
February	1.0314	0.9796	1.0079
March	1.0529	0.9902	1.0157
April	1.0561	0.9977	1.0193
May	1.0643	1.0210	1.0424
June	1.1041	1.0493	1.0748
July	1.1075	1.0425	1.0747
August	1.1077	1.0697	1.0929
September	1.1230	1.1042	1.1129
October	1.1364	1.1136	1.1241
November	1.1410	1.1036	1.1254
December	1.1043	1.0572	1.0777