YEARLY HIGH
48.9913 NGN
YEARLY LOW
41.0847 NGN
YEARLY AVERAGE
48.2762 NGN

2019 SRD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the SRD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 48.9913. Conversely, the yearly low was recorded on June 10, dropping to 41.0847.

This high-to-low spread represents a total annual volatility of 7.9066 NGN. From a start-to-finish perspective, comparing the January average rate of 48.7259 to the December average rate of 48.6199, the exchange rate registered a net change of -0.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 48.9913 was down 0.10% compared to the 2018 peak of 49.0395, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 244,957 NGN
2018 Average 242,087 NGN
Yearly Trough Low 205,424 NGN
Transaction Impact: A difference of 39,532.90 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

48.9368
46.4063
JanuMarcMayJulySeptNove

SRD 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 48.1133, compared to 48.4390 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3258 points.

H1 Avg (Jan–Jun) 48.1133
H2 Avg (Jul–Dec) 48.4390

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 7.6940 NGN (High: 48.7841 / Low: 41.0901). On the other end, November was the most stable month, with a tight range of 0.1944 NGN (High: 48.6659 / Low: 48.4714).

August Spread (Volatile) ±7.6940
November Spread (Stable) ±0.1944

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 May and June, when the average rate fell by 1.6807 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -1.6807

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 48.7259) against the same month in 2018 (average: 48.2703), the exchange rate shifted by +0.4556 (+0.94%).

2019 Avg (January) 48.7259
2018 Avg (January) 48.2703

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 48.9913 48.5050 48.7259
February 48.6597 48.3876 48.4684
March 48.5023 48.1362 48.2872
April 48.4615 48.0882 48.2831
May 48.4935 48.1872 48.2979
June 48.4530 41.0847 46.6172
July 48.5708 48.2033 48.3309
August 48.7841 41.0901 48.1341
September 48.6726 48.1256 48.4764
October 48.7014 48.4044 48.5063
November 48.6659 48.4714 48.5667
December 48.7301 48.4714 48.6199