YEARLY HIGH
0.0854 SCR
YEARLY LOW
0.0727 SCR
YEARLY AVERAGE
0.0804 SCR

2010 NGN to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the NGN to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 0.0854. Conversely, the yearly low was recorded on January 13, dropping to 0.0727.

This high-to-low spread represents a total annual volatility of 0.0128 SCR. From a start-to-finish perspective, comparing the January average rate of 0.0737 to the December average rate of 0.0805, the exchange rate registered a net change of 9.14% (reflecting a strengthening trend).

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 85,404 SCR
Yearly Average 80,366 SCR
Yearly Trough Low 72,652 SCR
Transaction Impact: A difference of 12,752.58 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

0.0846
0.0728
JanuMarcMayJulySeptNove

NGN to SCR 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 0.0787, compared to 0.0821 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 0.0787
H2 Avg (Jul–Dec) 0.0821

Volatility Range Comparison

Volatility

The most volatile month in 2010 was September, with a trading range of 0.0052 SCR (High: 0.0845 / Low: 0.0794). On the other end, January was the most stable month, with a tight range of 0.0024 SCR (High: 0.0750 / Low: 0.0727).

September Spread (Volatile) ±0.0052
January Spread (Stable) ±0.0024

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 September and October, when the average rate fell by 0.0019 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for August 2010 is 0.0832.

2010 Avg (August) 0.0832
Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0750 0.0727 0.0737
February 0.0782 0.0736 0.0756
March 0.0798 0.0766 0.0785
April 0.0814 0.0787 0.0797
May 0.0844 0.0793 0.0818
June 0.0848 0.0809 0.0828
July 0.0853 0.0813 0.0836
August 0.0854 0.0813 0.0832
September 0.0845 0.0794 0.0827
October 0.0827 0.0788 0.0808
November 0.0830 0.0802 0.0816
December 0.0825 0.0779 0.0805