2020 BOB to NGN Historical Review

YEARLY HIGH

57.0032 NGN

YEARLY LOW

52.2622 NGN

YEARLY AVERAGE

55.0879 NGN

2020 BOB to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BOB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 57.0032. Conversely, the yearly low was recorded on January 16, dropping to 52.2622.

This high-to-low spread represents a total annual volatility of 4.7410 NGN. From a start-to-finish perspective, comparing the January average rate of 52.3869 to the December average rate of 55.6822, the exchange rate registered a net change of 6.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 57.0032 was up 7.02% compared to the 2019 peak of 53.2626, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 285,016 NGN

2019 Average 260,497 NGN

Yearly Trough Low 261,311 NGN

Transaction Impact: A difference of 23,704.82 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

56.8190

51.9840

JanuMarcMayJulySeptNove

BOB 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 54.5302, compared to 55.6456 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1154 points.

H1 Avg (Jan–Jun) 54.5302

H2 Avg (Jul–Dec) 55.6456

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 3.9282 NGN (High: 56.6730 / Low: 52.7448). On the other end, June was the most stable month, with a tight range of 0.3466 NGN (High: 56.1811 / Low: 55.8345).

March Spread (Volatile) ±3.9282

June Spread (Stable) ±0.3466

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 May and June, when the average rate fell by 0.3357 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3357

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 55.6822) against the same month in 2019 (average: 52.4595), the exchange rate shifted by +3.2227 (+6.14%).

2020 Avg (December) 55.6822

2019 Avg (December) 52.4595

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	52.7513	52.2622	52.3869
February	52.9111	52.3554	52.6455
March	56.6730	52.7448	53.8294
April	56.5700	53.2212	55.8234
May	56.7100	56.0322	56.4160
June	56.1811	55.8345	56.0803
July	56.3667	55.9211	56.1246
August	56.1517	54.8034	55.7953
September	56.1996	55.0952	55.5641
October	55.9466	55.1020	55.3277
November	55.7657	55.1063	55.3797
December	57.0032	55.1269	55.6822