2020 CAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 CAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the CAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 306.7516. Conversely, the yearly low was recorded on March 19, dropping to 252.7633.
This high-to-low spread represents a total annual volatility of 53.9882 NGN. From a start-to-finish perspective, comparing the January average rate of 276.9971 to the December average rate of 299.7024, the exchange rate registered a net change of 8.20% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 306.7516 was up 9.79% compared to the 2019 peak of 279.3893, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
CAD 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 275.8268, compared to 291.5358 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.7090 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 25.2969 NGN (High: 278.0602 / Low: 252.7633). On the other end, February was the most stable month, with a tight range of 2.8181 NGN (High: 275.6552 / Low: 272.8371).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 7.9242 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 299.7024) against the same month in 2019 (average: 275.3549), the exchange rate shifted by +24.3474 (+8.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 282.1379 | 273.4635 | 276.9971 |
| February | 275.6552 | 272.8371 | 274.0606 |
| March | 278.0602 | 252.7633 | 266.1365 |
| April | 280.8259 | 257.4739 | 273.8498 |
| May | 283.5230 | 273.0816 | 278.1264 |
| June | 289.8074 | 283.1154 | 285.7906 |
| July | 291.6387 | 284.6980 | 286.9313 |
| August | 296.1662 | 282.7687 | 290.9587 |
| September | 296.0615 | 284.2172 | 290.3056 |
| October | 292.5290 | 285.6392 | 289.2385 |
| November | 295.0229 | 284.6026 | 292.0781 |
| December | 306.7516 | 294.4285 | 299.7024 |