YEARLY HIGH
42.0926 NGN
YEARLY LOW
34.9448 NGN
YEARLY AVERAGE
41.1529 NGN

2019 SVC to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the SVC to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 42.0926. Conversely, the yearly low was recorded on June 5, dropping to 34.9448.

This high-to-low spread represents a total annual volatility of 7.1478 NGN. From a start-to-finish perspective, comparing the January average rate of 41.5357 to the December average rate of 41.4471, the exchange rate registered a net change of -0.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 42.0926 was up 0.25% compared to the 2018 peak of 41.9883, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 210,463 NGN
2018 Average 206,474 NGN
Yearly Trough Low 174,724 NGN
Transaction Impact: A difference of 35,739.12 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

41.7157
39.5564
JanuMarcMayJulySeptNove

SVC 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 41.0115, compared to 41.2944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2828 points.

H1 Avg (Jan–Jun) 41.0115
H2 Avg (Jul–Dec) 41.2944

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 7.0775 NGN (High: 42.0926 / Low: 35.0151). On the other end, November was the most stable month, with a tight range of 0.1673 NGN (High: 41.4748 / Low: 41.3075).

August Spread (Volatile) ±7.0775
November Spread (Stable) ±0.1673

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 1.4330 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -1.4330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 41.0513) against the same month in 2018 (average: 41.2763), the exchange rate shifted by -0.2250 (-0.55%).

2019 Avg (August) 41.0513
2018 Avg (August) 41.2763

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 41.7403 41.3330 41.5357
February 41.4866 41.2251 41.3069
March 41.3456 41.0184 41.1678
April 41.3247 40.9772 41.1529
May 41.3492 41.0835 41.1694
June 41.3315 34.9448 39.7364
July 41.3416 41.0893 41.1851
August 42.0926 35.0151 41.0513
September 41.4870 40.9952 41.3285
October 41.4783 41.2513 41.3519
November 41.4748 41.3075 41.4022
December 41.5300 41.3332 41.4471