YEARLY HIGH
0.6505 NGN
YEARLY LOW
0.5179 NGN
YEARLY AVERAGE
0.6136 NGN

2019 CRC to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the CRC to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.6505. Conversely, the yearly low was recorded on June 10, dropping to 0.5179.

This high-to-low spread represents a total annual volatility of 0.1326 NGN. From a start-to-finish perspective, comparing the January average rate of 0.6022 to the December average rate of 0.6396, the exchange rate registered a net change of 6.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.6505 was up 1.80% compared to the 2018 peak of 0.6390, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,252 NGN
2018 Average 3,134 NGN
Yearly Trough Low 2,589 NGN
Transaction Impact: A difference of 663.20 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.6443
0.5882
JanuMarcMayJulySeptNove

CRC 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 0.5991, compared to 0.6281 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0290 points.

H1 Avg (Jan–Jun) 0.5991
H2 Avg (Jul–Dec) 0.6281

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.1101 NGN (High: 0.6505 / Low: 0.5404). On the other end, October was the most stable month, with a tight range of 0.0056 NGN (High: 0.6246 / Low: 0.6190).

August Spread (Volatile) ±0.1101
October Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0152 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0152

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.6306) against the same month in 2018 (average: 0.6360), the exchange rate shifted by -0.0054 (-0.85%).

2019 Avg (August) 0.6306
2018 Avg (August) 0.6360

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.6063 0.5938 0.6022
February 0.5962 0.5889 0.5928
March 0.6041 0.5904 0.5970
April 0.6070 0.5940 0.6004
May 0.6155 0.6033 0.6086
June 0.6176 0.5179 0.5934
July 0.6312 0.6184 0.6243
August 0.6505 0.5404 0.6306
September 0.6386 0.6197 0.6258
October 0.6246 0.6190 0.6219
November 0.6462 0.6181 0.6262
December 0.6480 0.6355 0.6396