2023 PLN to NGN Historical Review

YEARLY HIGH

229.0694 NGN

YEARLY LOW

100.7694 NGN

YEARLY AVERAGE

152.0585 NGN

2023 PLN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PLN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 229.0694. Conversely, the yearly low was recorded on January 5, dropping to 100.7694.

This high-to-low spread represents a total annual volatility of 128.3000 NGN. From a start-to-finish perspective, comparing the January average rate of 104.8929 to the December average rate of 204.2924, the exchange rate registered a net change of 94.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 229.0694 was up 116.41% compared to the 2022 peak of 105.8480, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 4,581,389 NGN

2022 Average 1,906,108 NGN

Yearly Trough Low 2,015,389 NGN

Transaction Impact: A difference of 2,565,999.83 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

214.3359

93.8141

JanuMarcMayJulySeptNove

PLN to NGN 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 113.2034, compared to 190.9136 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 77.7102 points.

H1 Avg (Jan–Jun) 113.2034

H2 Avg (Jul–Dec) 190.9136

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 92.2063 NGN (High: 202.0267 / Low: 109.8204). On the other end, May was the most stable month, with a tight range of 3.2278 NGN (High: 112.1272 / Low: 108.8994).

June Spread (Volatile) ±92.2063

May Spread (Stable) ±3.2278

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 August and September, when the average rate fell by 8.1339 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -8.1339

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 204.2924) against the same month in 2022 (average: 100.8059), the exchange rate shifted by +103.4865 (+102.66%).

2023 Avg (December) 204.2924

2022 Avg (December) 100.8059

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	109.9810	100.7694	104.8929
February	107.8289	102.5419	103.8576
March	107.3767	102.9790	104.9217
April	111.1623	106.3637	109.0231
May	112.1272	108.8994	110.4043
June	202.0267	109.8204	146.1211
July	199.1769	186.8351	193.3590
August	191.1284	182.3081	187.7972
September	187.0506	171.9478	179.6634
October	209.7598	173.2106	183.4464
November	206.4203	186.4928	196.9233
December	229.0694	194.1145	204.2924