YEARLY HIGH
0.0532 NPR
YEARLY LOW
0.0514 NPR
YEARLY AVERAGE
0.0526 NPR

2023 SYP to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0532. Conversely, the yearly low was recorded on April 30, dropping to 0.0514.

This high-to-low spread represents a total annual volatility of 0.0018 NPR. From a start-to-finish perspective, comparing the January average rate of 0.0521 to the December average rate of 0.0531, the exchange rate registered a net change of 1.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0532 was up 0.64% compared to the 2022 peak of 0.0529, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 266 NPR
2022 Average 250 NPR
Yearly Trough Low 257 NPR
Transaction Impact: A difference of 9.20 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0532
0.0520
JanuMarcMayJulySeptNove

SYP to NPR 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 0.0523, compared to 0.0528 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0523
H2 Avg (Jul–Dec) 0.0528

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0012 NPR (High: 0.0528 / Low: 0.0516). On the other end, October was the most stable month, with a tight range of 0.0003 NPR (High: 0.0530 / Low: 0.0528).

January Spread (Volatile) ±0.0012
October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between July and December, 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 February and March, when the average rate fell by 0.0002 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0531) against the same month in 2022 (average: 0.0525), the exchange rate shifted by +0.0006 (+1.05%).

2023 Avg (December) 0.0531
2022 Avg (December) 0.0525

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0528 0.0516 0.0521
February 0.0528 0.0521 0.0526
March 0.0528 0.0519 0.0524
April 0.0525 0.0514 0.0522
May 0.0527 0.0520 0.0524
June 0.0526 0.0519 0.0523
July 0.0527 0.0519 0.0523
August 0.0531 0.0523 0.0527
September 0.0530 0.0526 0.0529
October 0.0530 0.0528 0.0530
November 0.0531 0.0526 0.0530
December 0.0532 0.0529 0.0531