2019 BGN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 BGN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the BGN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 215.7024. Conversely, the yearly low was recorded on August 27, dropping to 173.9159.
This high-to-low spread represents a total annual volatility of 41.7865 NGN. From a start-to-finish perspective, comparing the January average rate of 212.1294 to the December average rate of 206.0025, the exchange rate registered a net change of -2.89% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 215.7024 was down 6.33% compared to the 2018 peak of 230.2783, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
BGN 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 207.2239, compared to 204.9487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.2752 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 34.7200 NGN (High: 208.6359 / Low: 173.9159). On the other end, May was the most stable month, with a tight range of 2.1780 NGN (High: 207.0098 / Low: 204.8318).
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 5.3987 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 212.1294) against the same month in 2018 (average: 224.6536), the exchange rate shifted by -12.5242 (-5.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 215.7024 | 209.1610 | 212.1294 |
| February | 211.3400 | 208.2392 | 209.7658 |
| March | 210.3837 | 206.1364 | 208.0438 |
| April | 208.3565 | 204.6521 | 206.6725 |
| May | 207.0098 | 204.8318 | 206.0653 |
| June | 209.9245 | 176.0873 | 200.6666 |
| July | 209.0447 | 204.3890 | 206.6681 |
| August | 208.6359 | 173.9159 | 204.2088 |
| September | 205.0734 | 201.7727 | 203.5655 |
| October | 206.7178 | 201.9676 | 204.5421 |
| November | 206.7761 | 203.7814 | 204.7055 |
| December | 208.3874 | 204.0537 | 206.0025 |