2019 AFN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 AFN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the AFN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 4.8557. Conversely, the yearly low was recorded on June 5, dropping to 3.8172.
This high-to-low spread represents a total annual volatility of 1.0385 NGN. From a start-to-finish perspective, comparing the January average rate of 4.8139 to the December average rate of 4.6163, the exchange rate registered a net change of -4.11% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 4.8557 was down 14.32% compared to the 2018 peak of 5.6673, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AFN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
AFN to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.6621, compared to 4.5901 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0720 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 0.7785 NGN (High: 4.6876 / Low: 3.9090). On the other end, November was the most stable month, with a tight range of 0.0310 NGN (High: 4.6340 / Low: 4.6031).
Growth Streaks & Declines
TrendsBetween June and November, 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 May and June, when the average rate fell by 0.2269 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2019: 4.8259) against the same month in 2018 (average: 5.1977), the exchange rate shifted by -0.3718 (-7.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.8394 | 4.7793 | 4.8139 |
| February | 4.8557 | 4.7766 | 4.8259 |
| March | 4.8459 | 4.7430 | 4.7767 |
| April | 4.7455 | 4.6216 | 4.6604 |
| May | 4.6654 | 4.4595 | 4.5611 |
| June | 4.5397 | 3.8172 | 4.3342 |
| July | 4.5452 | 4.4317 | 4.4870 |
| August | 4.6876 | 3.9090 | 4.5708 |
| September | 4.6569 | 4.5869 | 4.6188 |
| October | 4.6379 | 4.6043 | 4.6228 |
| November | 4.6340 | 4.6031 | 4.6247 |
| December | 4.6607 | 4.5866 | 4.6163 |