2023 NGN to STD Historical Review

YEARLY HIGH

51.0423 STD

YEARLY LOW

24.8048 STD

YEARLY AVERAGE

38.3033 STD

2023 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 51.0423. Conversely, the yearly low was recorded on December 30, dropping to 24.8048.

This high-to-low spread represents a total annual volatility of 26.2375 STD. From a start-to-finish perspective, comparing the January average rate of 50.2104 to the December average rate of 27.5586, the exchange rate registered a net change of -45.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 51.0423 was down 10.53% compared to the 2022 peak of 57.0464, 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 51,042,301 STD

2022 Average 52,341,499 STD

Yearly Trough Low 24,804,776 STD

Transaction Impact: A difference of 26,237,525.64 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

52.4756

25.2934

JanuMarcMayJulySeptNove

NGN to STD 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 48.1049, compared to 28.5017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 19.6032 points.

H1 Avg (Jan–Jun) 48.1049

H2 Avg (Jul–Dec) 28.5017

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 21.7705 STD (High: 49.5031 / Low: 27.7327). On the other end, May was the most stable month, with a tight range of 0.2385 STD (High: 49.5803 / Low: 49.3418).

June Spread (Volatile) ±21.7705

May Spread (Stable) ±0.2385

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 10.9439 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -10.9439

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 50.2104) against the same month in 2022 (average: 51.1167), the exchange rate shifted by -0.9063 (-1.77%).

2023 Avg (January) 50.2104

2022 Avg (January) 51.1167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	51.0423	49.5588	50.2104
February	49.7912	49.3192	49.5787
March	50.2767	49.5376	49.6499
April	49.7740	49.0839	49.4826
May	49.5803	49.3418	49.4759
June	49.5031	27.7327	40.2319
July	30.0456	28.7245	29.2880
August	29.6708	28.6398	29.0351
September	29.9117	28.2433	28.7916
October	29.3689	25.2166	28.5076
November	28.5266	27.0641	27.8292
December	29.1456	24.8048	27.5586

2023 NGN నుండి STD చారిత్రక సమీక్ష