2023 NGN to PHP Historical Review

YEARLY HIGH

0.1247 PHP

YEARLY LOW

0.0617 PHP

YEARLY AVERAGE

0.0939 PHP

2023 NGN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.1247. Conversely, the yearly low was recorded on December 30, dropping to 0.0617.

This high-to-low spread represents a total annual volatility of 0.0631 PHP. From a start-to-finish perspective, comparing the January average rate of 0.1209 to the December average rate of 0.0687, the exchange rate registered a net change of -43.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1247 was down 8.88% compared to the 2022 peak of 0.1369, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 124,746 PHP

2022 Average 128,629 PHP

Yearly Trough Low 61,673 PHP

Transaction Impact: A difference of 63,073.46 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1261

0.0634

JanuMarcMayJulySeptNove

NGN to PHP 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 0.1164, compared to 0.0714 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0450 points.

H1 Avg (Jan–Jun) 0.1164

H2 Avg (Jul–Dec) 0.0714

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0540 PHP (High: 0.1216 / Low: 0.0677). On the other end, May was the most stable month, with a tight range of 0.0023 PHP (High: 0.1222 / Low: 0.1199).

June Spread (Volatile) ±0.0540

May Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0278 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0278

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1209) against the same month in 2022 (average: 0.1238), the exchange rate shifted by -0.0029 (-2.37%).

2023 Avg (January) 0.1209

2022 Avg (January) 0.1238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1247	0.1185	0.1209
February	0.1211	0.1160	0.1192
March	0.1206	0.1174	0.1191
April	0.1223	0.1172	0.1198
May	0.1222	0.1199	0.1209
June	0.1216	0.0677	0.0985
July	0.0728	0.0688	0.0707
August	0.0751	0.0712	0.0734
September	0.0761	0.0718	0.0734
October	0.0747	0.0642	0.0726
November	0.0720	0.0673	0.0696
December	0.0727	0.0617	0.0687

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு