YEARLY HIGH
47.2981 NGN
YEARLY LOW
43.3575 NGN
YEARLY AVERAGE
46.0903 NGN

2021 SVC to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SVC to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 47.2981. Conversely, the yearly low was recorded on April 27, dropping to 43.3575.

This high-to-low spread represents a total annual volatility of 3.9406 NGN. From a start-to-finish perspective, comparing the January average rate of 44.3025 to the December average rate of 46.9895, the exchange rate registered a net change of 6.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 47.2981 was up 4.84% compared to the 2020 peak of 45.1148, 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 236,491 NGN
2020 Average 217,320 NGN
Yearly Trough Low 216,788 NGN
Transaction Impact: A difference of 19,703.06 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

47.3079
44.0293
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 45.1783, compared to 47.0023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8241 points.

H1 Avg (Jan–Jun) 45.1783
H2 Avg (Jul–Dec) 47.0023

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 3.7713 NGN (High: 47.2094 / Low: 43.4381). On the other end, September was the most stable month, with a tight range of 0.2407 NGN (High: 47.1379 / Low: 46.8971).

May Spread (Volatile) ±3.7713
September Spread (Stable) ±0.2407

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1993 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1993

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 46.9895) against the same month in 2020 (average: 43.8668), the exchange rate shifted by +3.1227 (+7.12%).

2021 Avg (December) 46.9895
2020 Avg (December) 43.8668

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 45.3445 43.5013 44.3025
February 47.0524 43.4471 44.5535
March 46.9199 43.4252 44.3541
April 46.9299 43.3575 44.6566
May 47.2094 43.4381 46.2002
June 47.1803 46.8437 47.0027
July 47.1168 46.8661 47.0088
August 47.1153 46.8622 47.0347
September 47.1379 46.8971 47.0342
October 47.1567 46.8840 46.9815
November 47.1505 46.8393 46.9653
December 47.2981 46.8056 46.9895