2023 VND to NGN Historical Review

YEARLY HIGH

0.0370 NGN

YEARLY LOW

0.0189 NGN

YEARLY AVERAGE

0.0265 NGN

2023 VND to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the VND to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0370. Conversely, the yearly low was recorded on January 1, dropping to 0.0189.

This high-to-low spread represents a total annual volatility of 0.0181 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0194 to the December average rate of 0.0334, the exchange rate registered a net change of 72.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0370 was up 95.28% compared to the 2022 peak of 0.0190, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 VND based on timing:

Yearly Peak High 370,139 NGN

2022 Average 181,007 NGN

Yearly Trough Low 189,193 NGN

Transaction Impact: A difference of 180,946.46 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0348

0.0180

JanuMarcMayJulySeptNove

VND 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 0.0205, compared to 0.0325 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0120 points.

H1 Avg (Jan–Jun) 0.0205

H2 Avg (Jul–Dec) 0.0325

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0154 NGN (High: 0.0350 / Low: 0.0196). On the other end, May was the most stable month, with a tight range of 0.0001 NGN (High: 0.0197 / Low: 0.0196).

June Spread (Volatile) ±0.0154

May Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0007 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0334) against the same month in 2022 (average: 0.0187), the exchange rate shifted by +0.0146 (+78.17%).

2023 Avg (December) 0.0334

2022 Avg (December) 0.0187

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0196	0.0189	0.0194
February	0.0197	0.0192	0.0195
March	0.0196	0.0192	0.0195
April	0.0198	0.0195	0.0197
May	0.0197	0.0196	0.0197
June	0.0350	0.0196	0.0255
July	0.0335	0.0321	0.0328
August	0.0327	0.0315	0.0322
September	0.0328	0.0309	0.0320
October	0.0360	0.0311	0.0320
November	0.0339	0.0318	0.0329
December	0.0370	0.0314	0.0334