2014 EUR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 EUR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the EUR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 229.2240. Conversely, the yearly low was recorded on October 3, dropping to 204.9069.
This high-to-low spread represents a total annual volatility of 24.3170 NGN. From a start-to-finish perspective, comparing the January average rate of 218.0759 to the December average rate of 224.0253, the exchange rate registered a net change of 2.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 229.2240 was up 3.08% compared to the 2013 peak of 222.3646, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EUR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
EUR 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 222.9265, compared to 215.4317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.4948 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 15.4652 NGN (High: 222.2471 / Low: 206.7819). On the other end, June was the most stable month, with a tight range of 2.6062 NGN (High: 223.3475 / Low: 220.7413).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 5.5369 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2014: 227.7760) against the same month in 2013 (average: 205.2528), the exchange rate shifted by +22.5231 (+10.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 222.3180 | 215.7312 | 218.0759 |
| February | 228.3594 | 219.5651 | 223.8464 |
| March | 229.2240 | 225.3513 | 227.7760 |
| April | 227.3739 | 222.1889 | 223.9848 |
| May | 224.4253 | 220.4886 | 222.0707 |
| June | 223.3475 | 220.7413 | 221.8053 |
| July | 222.7185 | 216.7601 | 219.7408 |
| August | 218.2239 | 213.1234 | 215.7551 |
| September | 213.5612 | 206.8196 | 210.2182 |
| October | 211.5442 | 204.9069 | 208.6994 |
| November | 222.2471 | 206.7819 | 214.1513 |
| December | 227.9817 | 221.1927 | 224.0253 |