2020 BIF to NGN Historical Review

YEARLY HIGH

0.2066 NGN

YEARLY LOW

0.1914 NGN

YEARLY AVERAGE

0.1986 NGN

2020 BIF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BIF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 0.2066. Conversely, the yearly low was recorded on January 10, dropping to 0.1914.

This high-to-low spread represents a total annual volatility of 0.0151 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1922 to the December average rate of 0.1976, the exchange rate registered a net change of 2.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.2066 was up 1.44% compared to the 2019 peak of 0.2036, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BIF based on timing:

Yearly Peak High 1,033 NGN

2019 Average 978 NGN

Yearly Trough Low 957 NGN

Transaction Impact: A difference of 75.72 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2057

0.1910

JanuMarcMayJulySeptNove

BIF to NGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1986, compared to 0.1986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.1986

H2 Avg (Jul–Dec) 0.1986

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0140 NGN (High: 0.2066 / Low: 0.1926). On the other end, February was the most stable month, with a tight range of 0.0023 NGN (High: 0.1938 / Low: 0.1914).

March Spread (Volatile) ±0.0140

February Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between 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 0.0017 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.1960) against the same month in 2019 (average: 0.1979), the exchange rate shifted by -0.0018 (-0.93%).

2020 Avg (March) 0.1960

2019 Avg (March) 0.1979

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1946	0.1914	0.1922
February	0.1938	0.1914	0.1928
March	0.2066	0.1926	0.1960
April	0.2060	0.1938	0.2030
May	0.2064	0.2026	0.2044
June	0.2041	0.2016	0.2031
July	0.2031	0.2007	0.2015
August	0.2014	0.1964	0.1997
September	0.2007	0.1970	0.1986
October	0.1997	0.1961	0.1975
November	0.1984	0.1958	0.1970
December	0.2035	0.1954	0.1976