2020 DKK to NGN Historical Review

YEARLY HIGH

64.7560 NGN

YEARLY LOW

52.2617 NGN

YEARLY AVERAGE

58.2507 NGN

2020 DKK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DKK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 64.7560. Conversely, the yearly low was recorded on March 19, dropping to 52.2617.

This high-to-low spread represents a total annual volatility of 12.4943 NGN. From a start-to-finish perspective, comparing the January average rate of 53.8272 to the December average rate of 62.8005, the exchange rate registered a net change of 16.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 64.7560 was up 14.53% compared to the 2019 peak of 56.5414, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 323,780 NGN

2019 Average 269,949 NGN

Yearly Trough Low 261,308 NGN

Transaction Impact: A difference of 62,471.54 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

63.7614

52.2305

JanuMarcMayJulySeptNove

DKK 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 55.5713, compared to 60.9301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3588 points.

H1 Avg (Jan–Jun) 55.5713

H2 Avg (Jul–Dec) 60.9301

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 5.5482 NGN (High: 57.8099 / Low: 52.2617). On the other end, February was the most stable month, with a tight range of 1.2999 NGN (High: 53.9420 / Low: 52.6421).

March Spread (Volatile) ±5.5482

February Spread (Stable) ±1.2999

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.6358 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.6358

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 62.8005) against the same month in 2019 (average: 53.9273), the exchange rate shifted by +8.8732 (+16.45%).

2020 Avg (December) 62.8005

2019 Avg (December) 53.9273

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	54.9778	53.4439	53.8272
February	53.9420	52.6421	53.1914
March	57.8099	52.2617	54.9192
April	57.2082	53.1049	56.0546
May	57.7034	56.1590	56.9489
June	59.0893	57.7566	58.4867
July	61.8724	58.4773	59.6529
August	62.0430	59.8883	61.1995
September	61.8886	59.4481	60.7684
October	61.0139	59.5303	60.3965
November	61.4685	59.4945	60.7629
December	64.7560	61.7608	62.8005