YEARLY HIGH
7.2421 NGN
YEARLY LOW
6.2255 NGN
YEARLY AVERAGE
6.7343 NGN

2020 DOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the DOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 7.2421. Conversely, the yearly low was recorded on March 16, dropping to 6.2255.

This high-to-low spread represents a total annual volatility of 1.0166 NGN. From a start-to-finish perspective, comparing the January average rate of 6.8121 to the December average rate of 6.5995, the exchange rate registered a net change of -3.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 7.2421 was down 0.64% compared to the 2019 peak of 7.2887, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 36,210 NGN
2019 Average 35,070 NGN
Yearly Trough Low 31,127 NGN
Transaction Impact: A difference of 5,083.16 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

7.1567
6.4824
JanuMarcMayJulySeptNove

DOP 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 6.8880, compared to 6.5806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3074 points.

H1 Avg (Jan–Jun) 6.8880
H2 Avg (Jul–Dec) 6.5806

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.0166 NGN (High: 7.2421 / Low: 6.2255). On the other end, July was the most stable month, with a tight range of 0.0761 NGN (High: 6.6904 / Low: 6.6143).

March Spread (Volatile) ±1.0166
July Spread (Stable) ±0.0761

Growth Streaks & Declines

Trends

Between January and April, 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 0.3609 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.3609

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 6.8738) against the same month in 2019 (average: 7.1088), the exchange rate shifted by -0.2350 (-3.31%).

2020 Avg (March) 6.8738
2019 Avg (March) 7.1088

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.9147 6.7714 6.8121
February 6.8671 6.7714 6.8167
March 7.2421 6.2255 6.8738
April 7.2025 6.7903 7.1005
May 7.1702 6.8539 7.0428
June 6.8810 6.6171 6.6819
July 6.6904 6.6143 6.6363
August 6.6329 6.4557 6.5883
September 6.6327 6.5098 6.5645
October 6.6010 6.5062 6.5386
November 6.7552 6.5002 6.5564
December 6.7978 6.5327 6.5995