2023 XDR to NGN Historical Review

YEARLY HIGH

1203.3215 NGN

YEARLY LOW

594.9831 NGN

YEARLY AVERAGE

845.3093 NGN

2023 XDR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XDR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1203.3215. Conversely, the yearly low was recorded on January 1, dropping to 594.9831.

This high-to-low spread represents a total annual volatility of 608.3384 NGN. From a start-to-finish perspective, comparing the January average rate of 610.7724 to the December average rate of 1080.4838, the exchange rate registered a net change of 76.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1203.3215 was up 93.97% compared to the 2022 peak of 620.3693, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,016,607 NGN

2022 Average 2,904,150 NGN

Yearly Trough Low 2,974,915 NGN

Transaction Impact: A difference of 3,041,691.99 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1127.4550

563.8012

JanuMarcMayJulySeptNove

XDR 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 647.3631, compared to 1043.2555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 395.8924 points.

H1 Avg (Jan–Jun) 647.3631

H2 Avg (Jul–Dec) 1043.2555

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 491.4228 NGN (High: 1103.5204 / Low: 612.0976). On the other end, March was the most stable month, with a tight range of 8.7716 NGN (High: 618.9054 / Low: 610.1338).

June Spread (Volatile) ±491.4228

March Spread (Stable) ±8.7716

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 19.6540 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -19.6540

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1080.4838) against the same month in 2022 (average: 591.4287), the exchange rate shifted by +489.0551 (+82.69%).

2023 Avg (December) 1080.4838

2022 Avg (December) 591.4287

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	622.4113	594.9831	610.7724
February	625.1154	610.3819	616.5860
March	618.9054	610.1338	613.3959
April	630.4138	618.9054	622.5731
May	625.9457	613.6159	620.3081
June	1103.5204	612.0976	800.5434
July	1073.4092	1013.6433	1044.2226
August	1045.3308	1004.2792	1024.5686
September	1050.6057	984.7791	1023.3272
October	1158.6953	1001.1162	1027.9746
November	1095.8081	1024.0626	1058.9561
December	1203.3215	1023.0176	1080.4838