2023 STD to NGN Historical Review

YEARLY HIGH

0.0403 NGN

YEARLY LOW

0.0196 NGN

YEARLY AVERAGE

0.0281 NGN

2023 STD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the STD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0403. Conversely, the yearly low was recorded on January 1, dropping to 0.0196.

This high-to-low spread represents a total annual volatility of 0.0207 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0199 to the December average rate of 0.0364, the exchange rate registered a net change of 82.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0403 was up 103.52% compared to the 2022 peak of 0.0198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 202 NGN

2022 Average 96 NGN

Yearly Trough Low 98 NGN

Transaction Impact: A difference of 103.62 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0380

0.0183

JanuMarcMayJulySeptNove

STD 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 0.0212, compared to 0.0351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0140 points.

H1 Avg (Jan–Jun) 0.0212

H2 Avg (Jul–Dec) 0.0351

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0159 NGN (High: 0.0361 / Low: 0.0202). On the other end, May was the most stable month, with a tight range of 0.0001 NGN (High: 0.0203 / Low: 0.0202).

June Spread (Volatile) ±0.0159

May Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0000 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0364) against the same month in 2022 (average: 0.0195), the exchange rate shifted by +0.0168 (+86.32%).

2023 Avg (December) 0.0364

2022 Avg (December) 0.0195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0202	0.0196	0.0199
February	0.0203	0.0201	0.0202
March	0.0202	0.0199	0.0201
April	0.0204	0.0201	0.0202
May	0.0203	0.0202	0.0202
June	0.0361	0.0202	0.0263
July	0.0348	0.0333	0.0342
August	0.0349	0.0337	0.0344
September	0.0354	0.0334	0.0347
October	0.0397	0.0340	0.0351
November	0.0369	0.0351	0.0359
December	0.0403	0.0343	0.0364