YEARLY HIGH
0.0515 NGN
YEARLY LOW
0.0367 NGN
YEARLY AVERAGE
0.0417 NGN

2020 SLL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the SLL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 0.0515. Conversely, the yearly low was recorded on November 24, dropping to 0.0367.

This high-to-low spread represents a total annual volatility of 0.0148 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0484 to the December average rate of 0.0379, the exchange rate registered a net change of -21.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0515 was up 0.18% compared to the 2019 peak of 0.0514, 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
2019 Average 226 NGN
Yearly Trough Low 184 NGN
Transaction Impact: A difference of 73.84 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0499
0.0368
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 0.0446, compared to 0.0387 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.0446
H2 Avg (Jul–Dec) 0.0387

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 0.0118 NGN (High: 0.0512 / Low: 0.0394). On the other end, June was the most stable month, with a tight range of 0.0002 NGN (High: 0.0399 / Low: 0.0397).

April Spread (Volatile) ±0.0118
June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0057 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0488) against the same month in 2019 (average: 0.0429), the exchange rate shifted by +0.0058 (+13.62%).

2020 Avg (March) 0.0488
2019 Avg (March) 0.0429

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0489 0.0483 0.0484
February 0.0486 0.0478 0.0480
March 0.0515 0.0479 0.0488
April 0.0512 0.0394 0.0431
May 0.0402 0.0392 0.0398
June 0.0399 0.0397 0.0398
July 0.0399 0.0396 0.0397
August 0.0396 0.0385 0.0391
September 0.0393 0.0386 0.0389
October 0.0393 0.0382 0.0386
November 0.0384 0.0367 0.0379
December 0.0391 0.0373 0.0379