2023 NPR to KHR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NPR to KHR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NPR to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 20, valuing the pair at 31.7062. Conversely, the yearly low was recorded on February 27, dropping to 30.4942.
This high-to-low spread represents a total annual volatility of 1.2120 KHR. From a start-to-finish perspective, comparing the January average rate of 31.4289 to the December average rate of 30.8372, the exchange rate registered a net change of -1.88% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 31.7062 was down 8.07% compared to the 2022 peak of 34.4893, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NPR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NPR to KHR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 31.1270, compared to 31.0878 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0392 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.8980 KHR (High: 31.3922 / Low: 30.4942). On the other end, October was the most stable month, with a tight range of 0.2217 KHR (High: 31.1726 / Low: 30.9509).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.5125 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 31.4289) against the same month in 2022 (average: 34.1876), the exchange rate shifted by -2.7587 (-8.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 31.7062 | 31.0447 | 31.4289 |
| February | 31.3922 | 30.4942 | 30.9164 |
| March | 31.0368 | 30.5973 | 30.7816 |
| April | 31.5395 | 30.7460 | 31.0208 |
| May | 31.5506 | 31.0033 | 31.2594 |
| June | 31.4960 | 31.1525 | 31.3550 |
| July | 31.5924 | 31.1519 | 31.3892 |
| August | 31.4597 | 30.9877 | 31.2444 |
| September | 31.5387 | 30.9103 | 31.0997 |
| October | 31.1726 | 30.9509 | 31.0400 |
| November | 31.0630 | 30.6949 | 30.9164 |
| December | 30.9815 | 30.6931 | 30.8372 |