2019 SEK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 SEK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the SEK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 41.2178. Conversely, the yearly low was recorded on August 26, dropping to 31.6779.
This high-to-low spread represents a total annual volatility of 9.5399 NGN. From a start-to-finish perspective, comparing the January average rate of 40.4325 to the December average rate of 38.4658, the exchange rate registered a net change of -4.86% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 41.2178 was down 10.21% compared to the 2018 peak of 45.9053, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SEK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
SEK to NGN 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 38.5646, compared to 37.6413 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9233 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 6.4506 NGN (High: 38.1286 / Low: 31.6779). On the other end, May was the most stable month, with a tight range of 0.6487 NGN (High: 37.9067 / Low: 37.2580).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.3462 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 40.4325) against the same month in 2018 (average: 44.7688), the exchange rate shifted by -4.3363 (-9.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 41.2178 | 39.9163 | 40.4325 |
| February | 39.8780 | 38.6466 | 39.0863 |
| March | 39.4679 | 38.0537 | 38.7664 |
| April | 38.9917 | 37.6982 | 38.5742 |
| May | 37.9067 | 37.2580 | 37.5515 |
| June | 38.8751 | 32.4633 | 36.9766 |
| July | 38.7057 | 37.3672 | 38.2609 |
| August | 38.1286 | 31.6779 | 37.2309 |
| September | 37.6566 | 36.7980 | 37.2397 |
| October | 37.5653 | 36.3679 | 37.0634 |
| November | 37.9929 | 37.2226 | 37.5872 |
| December | 38.9544 | 37.8364 | 38.4658 |