2019 NGN to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NGN to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NGN to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 30.9195. Conversely, the yearly low was recorded on July 1, dropping to 19.4559.
This high-to-low spread represents a total annual volatility of 11.4636 SLL. From a start-to-finish perspective, comparing the January average rate of 23.0879 to the December average rate of 20.6216, the exchange rate registered a net change of -10.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 30.9195 was up 32.47% compared to the 2018 peak of 23.3406, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
NGN to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.3724, compared to 21.1512 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.2211 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 11.2509 SLL (High: 30.9195 / Low: 19.6685). On the other end, November was the most stable month, with a tight range of 0.0822 SLL (High: 20.5755 / Low: 20.4933).
Growth Streaks & Declines
TrendsBetween January and April, 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 June and July, when the average rate fell by 4.4177 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2019: 22.9952) against the same month in 2018 (average: 20.0975), the exchange rate shifted by +2.8978 (+14.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.1928 | 22.9626 | 23.0879 |
| February | 23.2490 | 23.1191 | 23.2103 |
| March | 23.3705 | 23.1941 | 23.2975 |
| April | 23.3938 | 23.2136 | 23.2994 |
| May | 23.3457 | 23.1983 | 23.2923 |
| June | 27.3816 | 19.5770 | 24.0468 |
| July | 19.8149 | 19.4559 | 19.6291 |
| August | 30.9195 | 19.6685 | 22.9952 |
| September | 26.1748 | 20.0773 | 22.6576 |
| October | 20.5986 | 20.3178 | 20.4686 |
| November | 20.5755 | 20.4933 | 20.5352 |
| December | 20.6878 | 20.5119 | 20.6216 |