YEARLY HIGH
41.2178 NGN
YEARLY LOW
31.6779 NGN
YEARLY AVERAGE
38.1029 NGN

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.

Transfer Payout Power Comparison

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

Yearly Peak High 206,089 NGN
2018 Average 208,031 NGN
Yearly Trough Low 158,390 NGN
Transaction Impact: A difference of 47,699.52 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

40.7781
36.6310
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 38.5646
H2 Avg (Jul–Dec) 37.6413

Volatility Range Comparison

Volatility

The 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).

August Spread (Volatile) ±6.4506
May Spread (Stable) ±0.6487

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.3462

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2019 Avg (January) 40.4325
2018 Avg (January) 44.7688

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