2020 AZN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 AZN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the AZN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 231.9690. Conversely, the yearly low was recorded on January 16, dropping to 212.2184.
This high-to-low spread represents a total annual volatility of 19.7506 NGN. From a start-to-finish perspective, comparing the January average rate of 212.7840 to the December average rate of 225.4751, the exchange rate registered a net change of 5.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 231.9690 was up 8.09% compared to the 2019 peak of 214.6122, 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 2020.
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 221.0957, compared to 225.5887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.4931 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 16.0620 NGN (High: 229.9374 / Low: 213.8754). On the other end, June was the most stable month, with a tight range of 1.1089 NGN (High: 227.9001 / Low: 226.7913).
Growth Streaks & Declines
TrendsBetween January and May, 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 1.4250 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 225.4751) against the same month in 2019 (average: 212.9852), the exchange rate shifted by +12.4899 (+5.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 215.0462 | 212.2184 | 212.7840 |
| February | 214.9015 | 212.6285 | 213.8216 |
| March | 229.9374 | 213.8754 | 217.7694 |
| April | 229.0749 | 215.5653 | 226.0741 |
| May | 229.4099 | 226.9705 | 228.5641 |
| June | 227.9001 | 226.7913 | 227.5607 |
| July | 228.5111 | 227.1445 | 227.6809 |
| August | 228.0059 | 222.3201 | 226.2559 |
| September | 227.6021 | 223.4949 | 225.3584 |
| October | 226.6743 | 223.4949 | 224.3973 |
| November | 225.6881 | 223.2012 | 224.3646 |
| December | 231.9690 | 222.9075 | 225.4751 |