2019 SGD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 SGD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the SGD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 270.0595. Conversely, the yearly low was recorded on August 26, dropping to 220.6955.
This high-to-low spread represents a total annual volatility of 49.3640 NGN. From a start-to-finish perspective, comparing the January average rate of 267.9564 to the December average rate of 267.3115, the exchange rate registered a net change of -0.24% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 270.0595 was down 1.99% compared to the 2018 peak of 275.5397, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
SGD 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 264.0836, compared to 263.8755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2082 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 42.5922 NGN (High: 263.2877 / Low: 220.6955). On the other end, November was the most stable month, with a tight range of 2.2255 NGN (High: 266.9062 / Low: 264.6807).
Growth Streaks & Declines
TrendsBetween 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 May and June, when the average rate fell by 7.5687 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 267.9564) against the same month in 2018 (average: 272.4946), the exchange rate shifted by -4.5383 (-1.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 270.0595 | 266.0790 | 267.9564 |
| February | 268.5989 | 265.5332 | 267.0292 |
| March | 267.6714 | 264.1450 | 265.9484 |
| April | 267.1685 | 263.3391 | 265.5338 |
| May | 265.3637 | 260.7118 | 262.8014 |
| June | 266.3455 | 224.2579 | 255.2327 |
| July | 267.1685 | 262.5069 | 264.7301 |
| August | 263.2877 | 220.6955 | 259.1832 |
| September | 263.5392 | 259.8053 | 262.0215 |
| October | 266.4188 | 261.1430 | 264.0125 |
| November | 266.9062 | 264.6807 | 265.9940 |
| December | 269.3741 | 264.9151 | 267.3115 |