2023 SVC to NGN Historical Review

YEARLY HIGH

102.4660 NGN

YEARLY LOW

51.0972 NGN

YEARLY AVERAGE

72.4982 NGN

2023 SVC to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 102.4660. Conversely, the yearly low was recorded on January 1, dropping to 51.0972.

This high-to-low spread represents a total annual volatility of 51.3688 NGN. From a start-to-finish perspective, comparing the January average rate of 51.9535 to the December average rate of 92.4868, the exchange rate registered a net change of 78.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 102.4660 was up 99.76% compared to the 2022 peak of 51.2945, 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 512,330 NGN

2022 Average 242,081 NGN

Yearly Trough Low 255,486 NGN

Transaction Impact: A difference of 256,843.98 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

96.5402

47.9001

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 55.2041, compared to 89.7922 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.5880 points.

H1 Avg (Jan–Jun) 55.2041

H2 Avg (Jul–Dec) 89.7922

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 41.5226 NGN (High: 94.0586 / Low: 52.5361). On the other end, February was the most stable month, with a tight range of 0.2858 NGN (High: 52.6880 / Low: 52.4022).

June Spread (Volatile) ±41.5226

February Spread (Stable) ±0.2858

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 1.1951 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.1951

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 92.4868) against the same month in 2022 (average: 50.8872), the exchange rate shifted by +41.5996 (+81.75%).

2023 Avg (December) 92.4868

2022 Avg (December) 50.8872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	52.6488	51.0972	51.9535
February	52.6880	52.4022	52.6069
March	52.8680	52.4472	52.6170
April	53.3270	52.5886	52.7714
May	53.0237	52.5565	52.7463
June	94.0586	52.5361	68.5298
July	90.6413	86.8523	88.9078
August	88.9537	85.8430	87.7127
September	90.2716	85.1186	88.4842
October	100.9775	87.0271	89.5266
November	94.5520	89.3218	91.6348
December	102.4660	87.2131	92.4868