2023 SCR to NGN Historical Review

YEARLY HIGH

66.8069 NGN

YEARLY LOW

32.3327 NGN

YEARLY AVERAGE

47.2815 NGN

2023 SCR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 66.8069. Conversely, the yearly low was recorded on January 26, dropping to 32.3327.

This high-to-low spread represents a total annual volatility of 34.4742 NGN. From a start-to-finish perspective, comparing the January average rate of 33.5815 to the December average rate of 60.3192, the exchange rate registered a net change of 79.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 66.8069 was up 93.46% compared to the 2022 peak of 34.5335, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SCR based on timing:

Yearly Peak High 334,034 NGN

2022 Average 156,490 NGN

Yearly Trough Low 161,663 NGN

Transaction Impact: A difference of 172,370.98 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

62.9930

30.9078

JanuMarcMayJulySeptNove

SCR to NGN 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 35.6430, compared to 58.9199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 23.2769 points.

H1 Avg (Jan–Jun) 35.6430

H2 Avg (Jul–Dec) 58.9199

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 25.8651 NGN (High: 58.6276 / Low: 32.7625). On the other end, May was the most stable month, with a tight range of 2.4010 NGN (High: 35.1642 / Low: 32.7632).

June Spread (Volatile) ±25.8651

May Spread (Stable) ±2.4010

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 0.7661 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7661

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 60.3192) against the same month in 2022 (average: 33.3336), the exchange rate shifted by +26.9856 (+80.96%).

2023 Avg (December) 60.3192

2022 Avg (December) 33.3336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.1073	32.3327	33.5815
February	35.3417	32.5109	33.9892
March	35.3921	32.7209	34.1720
April	35.7764	32.8286	34.1540
May	35.1642	32.7632	34.1853
June	58.6276	32.7625	43.7760
July	60.7887	54.7999	58.1600
August	58.5734	55.6596	57.3939
September	60.9645	56.3903	58.9216
October	66.5933	55.6847	58.7623
November	62.7809	57.2056	59.9626
December	66.8069	54.6888	60.3192