2020 BHD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 BHD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BHD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 1047.8805. Conversely, the yearly low was recorded on January 16, dropping to 958.4088.
This high-to-low spread represents a total annual volatility of 89.4717 NGN. From a start-to-finish perspective, comparing the January average rate of 960.8261 to the December average rate of 1018.1050, 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 1047.8805 was up 7.27% compared to the 2019 peak of 976.8825, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BHD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
BHD 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 997.6264, compared to 1018.5903 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 20.9639 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 72.1860 NGN (High: 1034.5907 / Low: 962.4047). On the other end, July was the most stable month, with a tight range of 6.1894 NGN (High: 1031.7451 / Low: 1025.5557).
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 6.2249 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 1018.1050) against the same month in 2019 (average: 961.6585), the exchange rate shifted by +56.4466 (+5.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 967.2896 | 958.4088 | 960.8261 |
| February | 971.4795 | 960.1842 | 965.7126 |
| March | 1034.5907 | 962.4047 | 982.8553 |
| April | 1032.2594 | 972.2833 | 1019.3742 |
| May | 1034.9854 | 1023.4185 | 1030.3967 |
| June | 1029.1438 | 1022.3992 | 1026.5936 |
| July | 1031.7451 | 1025.5557 | 1027.9336 |
| August | 1029.6989 | 1004.0693 | 1021.7087 |
| September | 1027.7147 | 1008.8423 | 1017.5731 |
| October | 1023.4356 | 1008.9921 | 1013.1632 |
| November | 1018.8504 | 1007.7918 | 1013.0583 |
| December | 1047.8805 | 1006.5592 | 1018.1050 |