YEARLY HIGH
1.1668 NGN
YEARLY LOW
0.9980 NGN
YEARLY AVERAGE
1.0828 NGN

2014 SYP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SYP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 1.1668. Conversely, the yearly low was recorded on November 11, dropping to 0.9980.

This high-to-low spread represents a total annual volatility of 0.1687 NGN. From a start-to-finish perspective, comparing the January average rate of 1.1306 to the December average rate of 1.0323, the exchange rate registered a net change of -8.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1668 was down 49.64% compared to the 2013 peak of 2.3169, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,834 NGN
2013 Average 9,138 NGN
Yearly Trough Low 4,990 NGN
Transaction Impact: A difference of 843.63 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1661
1.0001
JanuMarcMayJulySeptNove

SYP 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 1.1207, compared to 1.0450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0757 points.

H1 Avg (Jan–Jun) 1.1207
H2 Avg (Jul–Dec) 1.0450

Volatility Range Comparison

Volatility

The most volatile month in 2014 was April, with a trading range of 0.0622 NGN (High: 1.1467 / Low: 1.0845). On the other end, June was the most stable month, with a tight range of 0.0096 NGN (High: 1.0969 / Low: 1.0873).

April Spread (Volatile) ±0.0622
June Spread (Stable) ±0.0096

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0391 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0391

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 1.1498) against the same month in 2013 (average: 2.2191), the exchange rate shifted by -1.0693 (-48.19%).

2014 Avg (February) 1.1498
2013 Avg (February) 2.2191

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1480 1.1221 1.1306
February 1.1668 1.1418 1.1498
March 1.1619 1.1453 1.1522
April 1.1467 1.0845 1.1131
May 1.0954 1.0714 1.0867
June 1.0969 1.0873 1.0919
July 1.0965 1.0808 1.0847
August 1.0909 1.0637 1.0746
September 1.0671 1.0224 1.0452
October 1.0225 1.0058 1.0139
November 1.0470 0.9980 1.0192
December 1.0588 1.0164 1.0323