2024 SLL to NGN Historical Review

YEARLY HIGH

0.0809 NGN

YEARLY LOW

0.0410 NGN

YEARLY AVERAGE

0.0701 NGN

2024 SLL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SLL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.0809. Conversely, the yearly low was recorded on January 17, dropping to 0.0410.

This high-to-low spread represents a total annual volatility of 0.0399 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0435 to the December average rate of 0.0749, the exchange rate registered a net change of 72.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0809 was up 73.67% compared to the 2023 peak of 0.0466, 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 405 NGN

2023 Average 165 NGN

Yearly Trough Low 205 NGN

Transaction Impact: A difference of 199.73 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0835

0.0398

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 0.0636, compared to 0.0766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0130 points.

H1 Avg (Jan–Jun) 0.0636

H2 Avg (Jul–Dec) 0.0766

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0335 NGN (High: 0.0766 / Low: 0.0432). On the other end, October was the most stable month, with a tight range of 0.0024 NGN (High: 0.0797 / Low: 0.0772).

February Spread (Volatile) ±0.0335

October Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0119 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0119

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0798) against the same month in 2023 (average: 0.0382), the exchange rate shifted by +0.0417 (+109.08%).

2024 Avg (November) 0.0798

2023 Avg (November) 0.0382

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0457	0.0410	0.0435
February	0.0766	0.0432	0.0656
March	0.0768	0.0665	0.0729
April	0.0678	0.0573	0.0610
May	0.0722	0.0589	0.0676
June	0.0724	0.0670	0.0711
July	0.0792	0.0670	0.0725
August	0.0792	0.0751	0.0761
September	0.0796	0.0758	0.0779
October	0.0797	0.0772	0.0781
November	0.0809	0.0783	0.0798
December	0.0802	0.0737	0.0749