2019 AZN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 AZN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the AZN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 214.6122. Conversely, the yearly low was recorded on June 10, dropping to 179.9765.
This high-to-low spread represents a total annual volatility of 34.6357 NGN. From a start-to-finish perspective, comparing the January average rate of 213.4496 to the December average rate of 212.9852, the exchange rate registered a net change of -0.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 214.6122 was down 0.10% compared to the 2018 peak of 214.8231, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
AZN 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 210.7658, compared to 212.1929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4270 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 33.7045 NGN (High: 213.7045 / Low: 180.0000). On the other end, November was the most stable month, with a tight range of 0.8517 NGN (High: 213.1865 / Low: 212.3348).
Growth Streaks & Declines
TrendsBetween 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 7.3626 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 213.4496) against the same month in 2018 (average: 212.7915), the exchange rate shifted by +0.6581 (+0.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 214.6122 | 212.4816 | 213.4496 |
| February | 213.1595 | 211.9677 | 212.3216 |
| March | 212.4699 | 210.8664 | 211.5276 |
| April | 212.2911 | 210.6558 | 211.5095 |
| May | 212.4313 | 211.0897 | 211.5747 |
| June | 212.2538 | 179.9765 | 204.2121 |
| July | 212.7700 | 211.1601 | 211.7193 |
| August | 213.7045 | 180.0000 | 210.8569 |
| September | 213.2159 | 210.8200 | 212.3566 |
| October | 213.3420 | 212.0411 | 212.4874 |
| November | 213.1865 | 212.3348 | 212.7519 |
| December | 213.4680 | 212.3348 | 212.9852 |