2020 BBD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 BBD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BBD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 197.4636. Conversely, the yearly low was recorded on January 16, dropping to 180.6509.
This high-to-low spread represents a total annual volatility of 16.8127 NGN. From a start-to-finish perspective, comparing the January average rate of 181.1324 to the December average rate of 191.9357, 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 197.4636 was up 8.09% compared to the 2019 peak of 182.6886, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
BBD 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 188.2077, compared to 192.0324 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.8247 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 13.6728 NGN (High: 195.7342 / Low: 182.0615). On the other end, June was the most stable month, with a tight range of 0.9439 NGN (High: 194.0000 / Low: 193.0561).
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 1.2131 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 191.9357) against the same month in 2019 (average: 181.3037), the exchange rate shifted by +10.6321 (+5.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 183.0581 | 180.6509 | 181.1324 |
| February | 182.9349 | 181.0000 | 182.0156 |
| March | 195.7342 | 182.0615 | 185.3762 |
| April | 195.0000 | 183.5000 | 192.4456 |
| May | 195.2852 | 193.2086 | 194.5652 |
| June | 194.0000 | 193.0561 | 193.7110 |
| July | 194.5201 | 193.3567 | 193.8134 |
| August | 194.0900 | 189.2500 | 192.6003 |
| September | 193.7463 | 190.2500 | 191.8364 |
| October | 192.9565 | 190.2500 | 191.0182 |
| November | 192.1170 | 190.0000 | 190.9904 |
| December | 197.4636 | 189.7500 | 191.9357 |