2020 EUR to NGN Historical Review

YEARLY HIGH

481.5012 NGN

YEARLY LOW

390.5360 NGN

YEARLY AVERAGE

434.2788 NGN

2020 EUR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the EUR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 481.5012. Conversely, the yearly low was recorded on March 19, dropping to 390.5360.

This high-to-low spread represents a total annual volatility of 90.9652 NGN. From a start-to-finish perspective, comparing the January average rate of 402.2491 to the December average rate of 467.2919, the exchange rate registered a net change of 16.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 481.5012 was up 14.05% compared to the 2019 peak of 422.1697, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,407,506 NGN

2019 Average 2,016,014 NGN

Yearly Trough Low 1,952,680 NGN

Transaction Impact: A difference of 454,825.85 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

474.2796

390.4277

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 414.9712, compared to 453.5864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 38.6152 points.

H1 Avg (Jan–Jun) 414.9712

H2 Avg (Jul–Dec) 453.5864

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 41.4698 NGN (High: 432.0059 / Low: 390.5360). On the other end, October was the most stable month, with a tight range of 9.8445 NGN (High: 454.0944 / Low: 444.2499).

March Spread (Volatile) ±41.4698

October Spread (Stable) ±9.8445

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 4.8338 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -4.8338

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 467.2919) against the same month in 2019 (average: 402.9248), the exchange rate shifted by +64.3672 (+15.97%).

2020 Avg (December) 467.2919

2019 Avg (December) 402.9248

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	410.7444	399.3742	402.2491
February	403.0662	393.1366	397.4154
March	432.0059	390.5360	410.5634
April	426.8607	396.5664	418.2718
May	432.1416	418.6947	425.3144
June	440.4720	430.6163	436.0130
July	460.5820	435.7738	444.2062
August	461.7440	446.2081	455.7055
September	460.6778	442.5576	452.2266
October	454.0944	444.2499	449.5694
November	457.5370	442.9465	452.5190
December	481.5012	459.6908	467.2919