2019 GMD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 GMD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the GMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 7.3785. Conversely, the yearly low was recorded on August 26, dropping to 6.0779.
This high-to-low spread represents a total annual volatility of 1.3006 NGN. From a start-to-finish perspective, comparing the January average rate of 7.3411 to the December average rate of 7.0640, the exchange rate registered a net change of -3.78% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 7.3785 was down 3.64% compared to the 2018 peak of 7.6569, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
GMD 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 7.2377, compared to 7.1391 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0986 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 1.1848 NGN (High: 7.2627 / Low: 6.0779). On the other end, February was the most stable month, with a tight range of 0.0402 NGN (High: 7.3233 / Low: 7.2830).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.2466 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 7.3411) against the same month in 2018 (average: 7.5037), the exchange rate shifted by -0.1625 (-2.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.3785 | 7.3022 | 7.3411 |
| February | 7.3233 | 7.2830 | 7.2962 |
| March | 7.3003 | 7.2233 | 7.2578 |
| April | 7.3023 | 7.2263 | 7.2626 |
| May | 7.2830 | 7.2314 | 7.2576 |
| June | 7.3026 | 6.2179 | 7.0111 |
| July | 7.2890 | 7.1900 | 7.2293 |
| August | 7.2627 | 6.0779 | 7.1584 |
| September | 7.2303 | 7.1121 | 7.1769 |
| October | 7.1924 | 7.0459 | 7.1302 |
| November | 7.1286 | 7.0502 | 7.0758 |
| December | 7.0894 | 7.0440 | 7.0640 |