2014 EGP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 EGP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the EGP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 25.9104. Conversely, the yearly low was recorded on August 5, dropping to 22.4986.
This high-to-low spread represents a total annual volatility of 3.4118 NGN. From a start-to-finish perspective, comparing the January average rate of 23.0000 to the December average rate of 25.4545, the exchange rate registered a net change of 10.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 25.9104 was up 5.33% compared to the 2013 peak of 24.6002, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
EGP 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 23.1751, compared to 23.4459 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2708 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 1.8089 NGN (High: 24.9606 / Low: 23.1517). On the other end, March was the most stable month, with a tight range of 0.1495 NGN (High: 23.7183 / Low: 23.5688).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.4438 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 25.4545) against the same month in 2013 (average: 23.0611), the exchange rate shifted by +2.3934 (+10.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.3696 | 22.8137 | 23.0000 |
| February | 23.7675 | 23.3368 | 23.5365 |
| March | 23.7183 | 23.5688 | 23.6650 |
| April | 23.6596 | 22.9347 | 23.2212 |
| May | 22.9978 | 22.6596 | 22.8227 |
| June | 22.8941 | 22.7211 | 22.8051 |
| July | 22.8201 | 22.6182 | 22.6992 |
| August | 22.7568 | 22.4986 | 22.6605 |
| September | 22.9316 | 22.6864 | 22.8152 |
| October | 23.1765 | 22.8397 | 23.0300 |
| November | 24.9606 | 23.1517 | 24.0162 |
| December | 25.9104 | 25.1213 | 25.4545 |