2023 XCD to NGN Historical Review

YEARLY HIGH

332.3849 NGN

YEARLY LOW

165.4579 NGN

YEARLY AVERAGE

234.6238 NGN

2023 XCD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 332.3849. Conversely, the yearly low was recorded on January 1, dropping to 165.4579.

This high-to-low spread represents a total annual volatility of 166.9269 NGN. From a start-to-finish perspective, comparing the January average rate of 168.2135 to the December average rate of 299.7587, the exchange rate registered a net change of 78.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 332.3849 was up 100.14% compared to the 2022 peak of 166.0803, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,661,924 NGN

2022 Average 783,804 NGN

Yearly Trough Low 827,290 NGN

Transaction Impact: A difference of 834,634.62 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

312.9132

155.0590

JanuMarcMayJulySeptNove

XCD 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 178.6417, compared to 290.6059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 111.9642 points.

H1 Avg (Jan–Jun) 178.6417

H2 Avg (Jul–Dec) 290.6059

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 133.9248 NGN (High: 304.5272 / Low: 170.6024). On the other end, May was the most stable month, with a tight range of 0.8232 NGN (High: 171.1603 / Low: 170.3371).

June Spread (Volatile) ±133.9248

May Spread (Stable) ±0.8232

Growth Streaks & Declines

Trends

Between March and July, 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 July and August, when the average rate fell by 3.5382 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -3.5382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 299.7587) against the same month in 2022 (average: 164.8020), the exchange rate shifted by +134.9567 (+81.89%).

2023 Avg (December) 299.7587

2022 Avg (December) 164.8020

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	170.4107	165.4579	168.2135
February	171.2386	169.6154	170.3427
March	170.4836	167.9774	170.0997
April	172.0597	169.6741	170.6750
May	171.1603	170.3371	170.6968
June	304.5272	170.6024	221.8228
July	293.2823	281.0849	287.5140
August	287.8763	277.8738	283.9758
September	291.9180	275.6354	286.4178
October	326.9561	280.7303	289.6474
November	304.6375	289.0194	296.3216
December	332.3849	282.8810	299.7587