2023 PYG to NGN Historical Review

YEARLY HIGH

0.1231 NGN

YEARLY LOW

0.0607 NGN

YEARLY AVERAGE

0.0869 NGN

2023 PYG to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PYG to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.1231. Conversely, the yearly low was recorded on January 1, dropping to 0.0607.

This high-to-low spread represents a total annual volatility of 0.0624 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0616 to the December average rate of 0.1101, the exchange rate registered a net change of 78.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1231 was up 95.63% compared to the 2022 peak of 0.0629, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PYG based on timing:

Yearly Peak High 615 NGN

2022 Average 303 NGN

Yearly Trough Low 304 NGN

Transaction Impact: A difference of 311.79 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1150

0.0568

JanuMarcMayJulySeptNove

PYG 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 0.0666, compared to 0.1072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0405 points.

H1 Avg (Jan–Jun) 0.0666

H2 Avg (Jul–Dec) 0.1072

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0496 NGN (High: 0.1130 / Low: 0.0634). On the other end, May was the most stable month, with a tight range of 0.0008 NGN (High: 0.0645 / Low: 0.0637).

June Spread (Volatile) ±0.0496

May Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1101) against the same month in 2022 (average: 0.0616), the exchange rate shifted by +0.0485 (+78.73%).

2023 Avg (December) 0.1101

2022 Avg (December) 0.0616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0625	0.0607	0.0616
February	0.0634	0.0624	0.0630
March	0.0644	0.0630	0.0640
April	0.0650	0.0634	0.0644
May	0.0645	0.0637	0.0641
June	0.1130	0.0634	0.0827
July	0.1091	0.1045	0.1070
August	0.1070	0.1034	0.1055
September	0.1088	0.1024	0.1064
October	0.1186	0.1029	0.1062
November	0.1113	0.1046	0.1077
December	0.1231	0.1036	0.1101