2023 NGN to SVC Historical Review

YEARLY HIGH

0.0196 SVC

YEARLY LOW

0.0098 SVC

YEARLY AVERAGE

0.0148 SVC

2023 NGN to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0196. Conversely, the yearly low was recorded on December 30, dropping to 0.0098.

This high-to-low spread represents a total annual volatility of 0.0098 SVC. From a start-to-finish perspective, comparing the January average rate of 0.0192 to the December average rate of 0.0108, the exchange rate registered a net change of -43.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0196 was down 8.05% compared to the 2022 peak of 0.0213, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 19,571 SVC

2022 Average 20,668 SVC

Yearly Trough Low 9,759 SVC

Transaction Impact: A difference of 9,811.20 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0201

0.0100

JanuMarcMayJulySeptNove

NGN to SVC 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 0.0184, compared to 0.0111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.0184

H2 Avg (Jul–Dec) 0.0111

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0084 SVC (High: 0.0190 / Low: 0.0106). On the other end, February was the most stable month, with a tight range of 0.0001 SVC (High: 0.0191 / Low: 0.0190).

June Spread (Volatile) ±0.0084

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0042 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0192) against the same month in 2022 (average: 0.0211), the exchange rate shifted by -0.0019 (-8.96%).

2023 Avg (January) 0.0192

2022 Avg (January) 0.0211

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0196	0.0190	0.0192
February	0.0191	0.0190	0.0190
March	0.0191	0.0189	0.0190
April	0.0190	0.0188	0.0189
May	0.0190	0.0189	0.0190
June	0.0190	0.0106	0.0154
July	0.0115	0.0110	0.0112
August	0.0116	0.0112	0.0114
September	0.0117	0.0111	0.0113
October	0.0115	0.0099	0.0112
November	0.0112	0.0106	0.0109
December	0.0115	0.0098	0.0108