YEARLY HIGH
0.1711 PHP
YEARLY LOW
0.1391 PHP
YEARLY AVERAGE
0.1439 PHP

2019 NGN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 0.1711. Conversely, the yearly low was recorded on November 5, dropping to 0.1391.

This high-to-low spread represents a total annual volatility of 0.0319 PHP. From a start-to-finish perspective, comparing the January average rate of 0.1443 to the December average rate of 0.1400, the exchange rate registered a net change of -2.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.1711 was up 13.86% compared to the 2018 peak of 0.1502, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 171,053 PHP
2018 Average 145,763 PHP
Yearly Trough Low 139,128 PHP
Transaction Impact: A difference of 31,924.64 PHP purely based on transaction execution date.

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0.1503
0.1391
JanuMarcMayJulySeptNove

NGN to PHP 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 0.1455, compared to 0.1422 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.1455
H2 Avg (Jul–Dec) 0.1422

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0286 PHP (High: 0.1711 / Low: 0.1424). On the other end, November was the most stable month, with a tight range of 0.0015 PHP (High: 0.1406 / Low: 0.1391).

August Spread (Volatile) Âą0.0286
November Spread (Stable) Âą0.0015

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0075 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.1455) against the same month in 2018 (average: 0.1475), the exchange rate shifted by -0.0020 (-1.39%).

2019 Avg (August) 0.1455
2018 Avg (August) 0.1475

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Month High Low Average
January 0.1459 0.1429 0.1443
February 0.1455 0.1434 0.1444
March 0.1487 0.1434 0.1458
April 0.1460 0.1428 0.1443
May 0.1463 0.1435 0.1450
June 0.1700 0.1420 0.1494
July 0.1428 0.1408 0.1419
August 0.1711 0.1424 0.1455
September 0.1450 0.1423 0.1439
October 0.1438 0.1400 0.1422
November 0.1406 0.1391 0.1400
December 0.1410 0.1392 0.1400