2023 UZS to NGN Historical Review

YEARLY HIGH

0.0727 NGN

YEARLY LOW

0.0397 NGN

YEARLY AVERAGE

0.0537 NGN

2023 UZS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UZS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0727. Conversely, the yearly low was recorded on January 5, dropping to 0.0397.

This high-to-low spread represents a total annual volatility of 0.0330 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0402 to the December average rate of 0.0656, the exchange rate registered a net change of 63.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0727 was up 82.13% compared to the 2022 peak of 0.0399, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 364 NGN

2022 Average 192 NGN

Yearly Trough Low 199 NGN

Transaction Impact: A difference of 164.98 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0698

0.0375

JanuMarcMayJulySeptNove

UZS 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 0.0424, compared to 0.0650 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0226 points.

H1 Avg (Jan–Jun) 0.0424

H2 Avg (Jul–Dec) 0.0650

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0314 NGN (High: 0.0717 / Low: 0.0403). On the other end, May was the most stable month, with a tight range of 0.0004 NGN (High: 0.0405 / Low: 0.0401).

June Spread (Volatile) ±0.0314

May Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0027 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0656) against the same month in 2022 (average: 0.0396), the exchange rate shifted by +0.0260 (+65.68%).

2023 Avg (December) 0.0656

2022 Avg (December) 0.0396

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0408	0.0397	0.0402
February	0.0408	0.0404	0.0406
March	0.0407	0.0402	0.0404
April	0.0408	0.0402	0.0404
May	0.0405	0.0401	0.0403
June	0.0717	0.0403	0.0523
July	0.0684	0.0654	0.0671
August	0.0667	0.0626	0.0644
September	0.0650	0.0612	0.0636
October	0.0724	0.0621	0.0641
November	0.0674	0.0637	0.0653
December	0.0727	0.0616	0.0656