2023 SDG to NGN Historical Review

YEARLY HIGH

1.5022 NGN

YEARLY LOW

0.7649 NGN

YEARLY AVERAGE

1.0614 NGN

2023 SDG to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SDG to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 20, valuing the pair at 1.5022. Conversely, the yearly low was recorded on April 15, dropping to 0.7649.

This high-to-low spread represents a total annual volatility of 0.7373 NGN. From a start-to-finish perspective, comparing the January average rate of 0.7881 to the December average rate of 1.3479, the exchange rate registered a net change of 71.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5022 was up 58.20% compared to the 2022 peak of 0.9495, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,511 NGN

2022 Average 4,295 NGN

Yearly Trough Low 3,824 NGN

Transaction Impact: A difference of 3,686.35 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4059

0.7108

JanuMarcMayJulySeptNove

SDG 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 0.8152, compared to 1.3075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4923 points.

H1 Avg (Jan–Jun) 0.8152

H2 Avg (Jul–Dec) 1.3075

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6011 NGN (High: 1.3682 / Low: 0.7672). On the other end, May was the most stable month, with a tight range of 0.0046 NGN (High: 0.7711 / Low: 0.7665).

June Spread (Volatile) ±0.6011

May Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0165 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.3383) against the same month in 2022 (average: 0.7758), the exchange rate shifted by +0.5625 (+72.51%).

2023 Avg (November) 1.3383

2022 Avg (November) 0.7758

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7983	0.7750	0.7881
February	0.7918	0.7805	0.7862
March	0.8095	0.7649	0.7797
April	0.8043	0.7649	0.7715
May	0.7711	0.7665	0.7687
June	1.3682	0.7672	0.9970
July	1.3181	1.2629	1.2927
August	1.2934	1.2485	1.2762
September	1.3127	1.2384	1.2874
October	1.4715	1.2613	1.3027
November	1.5022	1.3007	1.3383
December	1.4947	1.2720	1.3479