2023 XAF to NGN Historical Review

YEARLY HIGH

1.5144 NGN

YEARLY LOW

0.7192 NGN

YEARLY AVERAGE

1.0465 NGN

2023 XAF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XAF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.5144. Conversely, the yearly low was recorded on January 5, dropping to 0.7192.

This high-to-low spread represents a total annual volatility of 0.7951 NGN. From a start-to-finish perspective, comparing the January average rate of 0.7477 to the December average rate of 1.3493, the exchange rate registered a net change of 80.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5144 was up 106.68% compared to the 2022 peak of 0.7327, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,572 NGN

2022 Average 3,401 NGN

Yearly Trough Low 3,596 NGN

Transaction Impact: A difference of 3,975.66 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4095

0.6875

JanuMarcMayJulySeptNove

XAF 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 0.7967, compared to 1.2963 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4996 points.

H1 Avg (Jan–Jun) 0.7967

H2 Avg (Jul–Dec) 1.2963

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6172 NGN (High: 1.3696 / Low: 0.7524). On the other end, March was the most stable month, with a tight range of 0.0250 NGN (High: 0.7654 / Low: 0.7403).

June Spread (Volatile) ±0.6172

March Spread (Stable) ±0.0250

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 0.0336 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0336

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.3493) against the same month in 2022 (average: 0.7194), the exchange rate shifted by +0.6299 (+87.55%).

2023 Avg (December) 1.3493

2022 Avg (December) 0.7194

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7628	0.7192	0.7477
February	0.7731	0.7404	0.7511
March	0.7654	0.7403	0.7509
April	0.7863	0.7582	0.7727
May	0.7887	0.7517	0.7652
June	1.3696	0.7524	0.9928
July	1.3520	1.2635	1.3100
August	1.2988	1.2443	1.2765
September	1.2888	1.2212	1.2601
October	1.4272	1.2209	1.2609
November	1.3702	1.2706	1.3212
December	1.5144	1.2842	1.3493