2023 SLL to NGN Historical Review

YEARLY HIGH

0.0466 NGN

YEARLY LOW

0.0253 NGN

YEARLY AVERAGE

0.0329 NGN

2023 SLL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SLL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 0.0466. Conversely, the yearly low was recorded on January 1, dropping to 0.0253.

This high-to-low spread represents a total annual volatility of 0.0213 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0257 to the December average rate of 0.0386, the exchange rate registered a net change of 50.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0466 was up 27.21% compared to the 2022 peak of 0.0366, 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 233 NGN

2022 Average 157 NGN

Yearly Trough Low 127 NGN

Transaction Impact: A difference of 106.38 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0448

0.0240

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 0.0273, compared to 0.0385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0111 points.

H1 Avg (Jan–Jun) 0.0273

H2 Avg (Jul–Dec) 0.0385

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0205 NGN (High: 0.0466 / Low: 0.0261). On the other end, May was the most stable month, with a tight range of 0.0001 NGN (High: 0.0262 / Low: 0.0261).

June Spread (Volatile) ±0.0205

May Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

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

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0339) against the same month in 2022 (average: 0.0318), the exchange rate shifted by +0.0021 (+6.71%).

2023 Avg (June) 0.0339

2022 Avg (June) 0.0318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0261	0.0253	0.0257
February	0.0262	0.0259	0.0261
March	0.0261	0.0257	0.0260
April	0.0263	0.0260	0.0261
May	0.0262	0.0261	0.0261
June	0.0466	0.0261	0.0339
July	0.0449	0.0363	0.0431
August	0.0371	0.0358	0.0366
September	0.0376	0.0355	0.0369
October	0.0421	0.0362	0.0373
November	0.0393	0.0372	0.0382
December	0.0428	0.0365	0.0386