2023 SOS to NGN Historical Review

YEARLY HIGH

1.5718 NGN

YEARLY LOW

0.7860 NGN

YEARLY AVERAGE

1.1133 NGN

2023 SOS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SOS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.5718. Conversely, the yearly low was recorded on January 1, dropping to 0.7860.

This high-to-low spread represents a total annual volatility of 0.7858 NGN. From a start-to-finish perspective, comparing the January average rate of 0.7994 to the December average rate of 1.4169, the exchange rate registered a net change of 77.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.5718 was up 99.26% compared to the 2022 peak of 0.7888, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,859 NGN

2022 Average 3,683 NGN

Yearly Trough Low 3,930 NGN

Transaction Impact: A difference of 3,928.93 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.4787

0.7376

JanuMarcMayJulySeptNove

SOS 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 0.8493, compared to 1.3773 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5280 points.

H1 Avg (Jan–Jun) 0.8493

H2 Avg (Jul–Dec) 1.3773

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6379 NGN (High: 1.4477 / Low: 0.8098). On the other end, March was the most stable month, with a tight range of 0.0055 NGN (High: 0.8106 / Low: 0.8051).

June Spread (Volatile) ±0.6379

March Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 0.0179 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.4169) against the same month in 2022 (average: 0.7829), the exchange rate shifted by +0.6340 (+80.98%).

2023 Avg (December) 1.4169

2022 Avg (December) 0.7829

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8103	0.7860	0.7994
February	0.8174	0.8027	0.8096
March	0.8106	0.8051	0.8093
April	0.8236	0.8092	0.8120
May	0.8161	0.8090	0.8114
June	1.4477	0.8098	1.0542
July	1.3923	1.3357	1.3662
August	1.3661	1.3190	1.3483
September	1.3864	1.3051	1.3577
October	1.5461	1.3323	1.3712
November	1.4477	1.3780	1.4036
December	1.5718	1.3354	1.4169