2020 BRL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 BRL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the BRL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 91.0805. Conversely, the yearly low was recorded on October 29, dropping to 65.9261.
This high-to-low spread represents a total annual volatility of 25.1544 NGN. From a start-to-finish perspective, comparing the January average rate of 87.4871 to the December average rate of 74.6033, the exchange rate registered a net change of -14.73% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 91.0805 was down 8.54% compared to the 2019 peak of 99.5884, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 BRL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
BRL 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 77.2945, compared to 71.3263 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.9683 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was June, with a trading range of 9.7056 NGN (High: 80.3425 / Low: 70.6369). On the other end, December was the most stable month, with a tight range of 3.3891 NGN (High: 76.0062 / Low: 72.6171).
Growth Streaks & Declines
TrendsBetween October and December, 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 February and March, when the average rate fell by 7.7808 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 87.4871) against the same month in 2019 (average: 97.1938), the exchange rate shifted by -9.7067 (-9.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 91.0805 | 84.5301 | 87.4871 |
| February | 85.9410 | 81.5527 | 83.7605 |
| March | 81.6067 | 71.9194 | 75.9796 |
| April | 74.9466 | 68.5981 | 72.4296 |
| May | 73.9435 | 66.0340 | 69.4243 |
| June | 80.3425 | 70.6369 | 74.6860 |
| July | 75.6189 | 71.7202 | 73.2789 |
| August | 74.3263 | 68.7624 | 70.7481 |
| September | 73.5058 | 67.6487 | 71.1008 |
| October | 69.3427 | 65.9261 | 67.8676 |
| November | 72.2693 | 66.2494 | 70.3588 |
| December | 76.0062 | 72.6171 | 74.6033 |