YEARLY HIGH
0.0514 NGN
YEARLY LOW
0.0323 NGN
YEARLY AVERAGE
0.0453 NGN

2019 SLL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the SLL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 1, valuing the pair at 0.0514. Conversely, the yearly low was recorded on August 27, dropping to 0.0323.

This high-to-low spread represents a total annual volatility of 0.0191 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0433 to the December average rate of 0.0485, the exchange rate registered a net change of 11.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0514 was down 10.23% compared to the 2018 peak of 0.0573, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 257 NGN
2018 Average 236 NGN
Yearly Trough Low 162 NGN
Transaction Impact: A difference of 95.28 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0519
0.0410
JanuMarcMayJulySeptNove

SLL 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 0.0428, compared to 0.0477 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0049 points.

H1 Avg (Jan–Jun) 0.0428
H2 Avg (Jul–Dec) 0.0477

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0185 NGN (High: 0.0508 / Low: 0.0323). On the other end, November was the most stable month, with a tight range of 0.0002 NGN (High: 0.0488 / Low: 0.0486).

August Spread (Volatile) ±0.0185
November Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between August and October, 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 July and August, when the average rate fell by 0.0065 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2019: 0.0509) against the same month in 2018 (average: 0.0564), the exchange rate shifted by -0.0055 (-9.72%).

2019 Avg (July) 0.0509
2018 Avg (July) 0.0564

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0435 0.0431 0.0433
February 0.0433 0.0430 0.0431
March 0.0431 0.0428 0.0429
April 0.0431 0.0427 0.0429
May 0.0431 0.0428 0.0429
June 0.0511 0.0365 0.0419
July 0.0514 0.0505 0.0509
August 0.0508 0.0323 0.0444
September 0.0498 0.0382 0.0448
October 0.0492 0.0485 0.0489
November 0.0488 0.0486 0.0487
December 0.0488 0.0483 0.0485