2023 TJS to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 TJS to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the TJS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 81.9174. Conversely, the yearly low was recorded on May 28, dropping to 42.0753.
This high-to-low spread represents a total annual volatility of 39.8421 NGN. From a start-to-finish perspective, comparing the January average rate of 44.4294 to the December average rate of 74.0542, the exchange rate registered a net change of 66.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 81.9174 was up 84.47% compared to the 2022 peak of 44.4080, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TJS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
TJS to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 45.3006, compared to 71.7020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.4014 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 33.2697 NGN (High: 75.3645 / Low: 42.0948). On the other end, May was the most stable month, with a tight range of 0.3519 NGN (High: 42.4271 / Low: 42.0753).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.3298 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 74.0542) against the same month in 2022 (average: 43.9102), the exchange rate shifted by +30.1440 (+68.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 44.9486 | 43.8564 | 44.4294 |
| February | 45.9624 | 42.8790 | 44.3217 |
| March | 45.9978 | 42.0823 | 43.6183 |
| April | 42.7105 | 42.1503 | 42.2885 |
| May | 42.4271 | 42.0753 | 42.2505 |
| June | 75.3645 | 42.0948 | 54.8954 |
| July | 72.5277 | 69.3689 | 71.1127 |
| August | 70.9867 | 68.3805 | 69.9280 |
| September | 71.9710 | 67.8300 | 70.4882 |
| October | 80.4678 | 69.3740 | 71.3710 |
| November | 75.6244 | 71.0942 | 73.2581 |
| December | 81.9174 | 69.7895 | 74.0542 |