2020 GEL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 GEL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the GEL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 131.5378. Conversely, the yearly low was recorded on March 25, dropping to 105.2378.
This high-to-low spread represents a total annual volatility of 26.3000 NGN. From a start-to-finish perspective, comparing the January average rate of 125.8866 to the December average rate of 116.5360, the exchange rate registered a net change of -7.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 131.5378 was down 4.20% compared to the 2019 peak of 137.3014, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
GEL 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 124.4637, compared to 120.2854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.1782 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 26.3000 NGN (High: 131.5378 / Low: 105.2378). On the other end, July was the most stable month, with a tight range of 1.6565 NGN (High: 127.0049 / Low: 125.3484).
Growth Streaks & Declines
TrendsBetween April and June, 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 February and March, when the average rate fell by 4.4914 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 123.5672) against the same month in 2019 (average: 134.2883), the exchange rate shifted by -10.7212 (-7.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 128.0127 | 125.0844 | 125.8866 |
| February | 131.2950 | 125.2595 | 128.0586 |
| March | 131.5378 | 105.2378 | 123.5672 |
| April | 122.8935 | 115.2276 | 120.9374 |
| May | 122.6281 | 120.3792 | 121.4883 |
| June | 131.5033 | 121.5721 | 126.8439 |
| July | 127.0049 | 125.3484 | 126.1516 |
| August | 125.6246 | 122.6537 | 124.6171 |
| September | 125.7537 | 114.2643 | 120.8090 |
| October | 120.0352 | 116.4703 | 118.4644 |
| November | 118.0191 | 112.1173 | 115.1346 |
| December | 120.5885 | 114.4361 | 116.5360 |