2024 NGN to SVC Historical Review

YEARLY HIGH

0.0102 SVC

YEARLY LOW

0.0052 SVC

YEARLY AVERAGE

0.0061 SVC

2024 NGN to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0102. Conversely, the yearly low was recorded on November 26, dropping to 0.0052.

This high-to-low spread represents a total annual volatility of 0.0050 SVC. From a start-to-finish perspective, comparing the January average rate of 0.0096 to the December average rate of 0.0056, the exchange rate registered a net change of -42.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0102 was down 47.96% compared to the 2023 peak of 0.0196, 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 10,185 SVC

2023 Average 14,763 SVC

Yearly Trough Low 5,155 SVC

Transaction Impact: A difference of 5,029.56 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0100

0.0048

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 0.0068, compared to 0.0055 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0068

H2 Avg (Jul–Dec) 0.0055

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0043 SVC (High: 0.0098 / Low: 0.0054). On the other end, October was the most stable month, with a tight range of 0.0002 SVC (High: 0.0054 / Low: 0.0052).

February Spread (Volatile) ±0.0043

October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0029 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0096) against the same month in 2023 (average: 0.0192), the exchange rate shifted by -0.0096 (-50.11%).

2024 Avg (January) 0.0096

2023 Avg (January) 0.0192

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0102	0.0091	0.0096
February	0.0098	0.0054	0.0067
March	0.0063	0.0054	0.0057
April	0.0073	0.0062	0.0068
May	0.0071	0.0058	0.0062
June	0.0062	0.0058	0.0059
July	0.0062	0.0053	0.0058
August	0.0056	0.0053	0.0055
September	0.0055	0.0052	0.0054
October	0.0054	0.0052	0.0053
November	0.0053	0.0052	0.0052
December	0.0057	0.0052	0.0056