2019 BAM to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 BAM to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the BAM to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 215.2322. Conversely, the yearly low was recorded on August 27, dropping to 174.1801.
This high-to-low spread represents a total annual volatility of 41.0521 NGN. From a start-to-finish perspective, comparing the January average rate of 212.2682 to the December average rate of 205.9764, the exchange rate registered a net change of -2.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 215.2322 was down 6.42% compared to the 2018 peak of 230.0025, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
BAM 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 207.3068, compared to 204.9787 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3281 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 34.4258 NGN (High: 208.6059 / Low: 174.1801). On the other end, May was the most stable month, with a tight range of 2.1608 NGN (High: 207.2205 / Low: 205.0597).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 5.3248 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 212.2682) against the same month in 2018 (average: 224.4452), the exchange rate shifted by -12.1770 (-5.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 215.2322 | 209.8342 | 212.2682 |
| February | 211.6424 | 208.2085 | 209.8075 |
| March | 210.5775 | 206.3562 | 208.2289 |
| April | 208.3859 | 204.7094 | 206.8940 |
| May | 207.2205 | 205.0597 | 205.9836 |
| June | 209.8630 | 176.0423 | 200.6588 |
| July | 209.1161 | 204.6461 | 206.7540 |
| August | 208.6059 | 174.1801 | 204.2645 |
| September | 205.0660 | 201.8736 | 203.6510 |
| October | 206.7225 | 202.2678 | 204.4452 |
| November | 206.6728 | 203.4560 | 204.7814 |
| December | 208.6172 | 203.8859 | 205.9764 |