2014 NGN to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 NGN to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the NGN to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 7.1190. Conversely, the yearly low was recorded on December 17, dropping to 3.8352.
This high-to-low spread represents a total annual volatility of 3.2837 SOS. From a start-to-finish perspective, comparing the January average rate of 6.9025 to the December average rate of 4.0155, the exchange rate registered a net change of -41.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 7.1190 was down 30.83% compared to the 2013 peak of 10.2919, 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 2014.
NGN to SOS 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 6.2319, compared to 4.8446 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3873 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 0.5377 SOS (High: 4.7311 / Low: 4.1934). On the other end, October was the most stable month, with a tight range of 0.0856 SOS (High: 4.7627 / Low: 4.6771).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.5036 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2014: 6.9025) against the same month in 2013 (average: 10.1991), the exchange rate shifted by -3.2965 (-32.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.1190 | 6.6609 | 6.9025 |
| February | 6.6915 | 6.3299 | 6.5247 |
| March | 6.3488 | 5.9727 | 6.1773 |
| April | 6.1310 | 5.9565 | 6.0478 |
| May | 6.1407 | 5.8177 | 5.9992 |
| June | 5.8559 | 5.6451 | 5.7400 |
| July | 5.6708 | 5.2508 | 5.5560 |
| August | 5.2909 | 5.1640 | 5.2086 |
| September | 5.1853 | 4.7233 | 5.0328 |
| October | 4.7627 | 4.6771 | 4.7356 |
| November | 4.7311 | 4.1934 | 4.5190 |
| December | 4.1686 | 3.8352 | 4.0155 |