2020 ILS to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 ILS to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the ILS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 122.6499. Conversely, the yearly low was recorded on March 17, dropping to 95.9770.
This high-to-low spread represents a total annual volatility of 26.6730 NGN. From a start-to-finish perspective, comparing the January average rate of 104.7026 to the December average rate of 118.2929, the exchange rate registered a net change of 12.98% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 122.6499 was up 16.60% compared to the 2019 peak of 105.1855, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ILS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
ILS 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 107.4542, compared to 113.8293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.3751 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 14.6628 NGN (High: 110.6398 / Low: 95.9770). On the other end, January was the most stable month, with a tight range of 1.9344 NGN (High: 105.9916 / Low: 104.0572).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.6511 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 118.2929) against the same month in 2019 (average: 104.3654), the exchange rate shifted by +13.9274 (+13.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 105.9916 | 104.0572 | 104.7026 |
| February | 106.9461 | 104.6686 | 106.0134 |
| March | 110.6398 | 95.9770 | 103.3623 |
| April | 112.1300 | 100.9238 | 107.8812 |
| May | 111.3516 | 109.3805 | 110.6276 |
| June | 113.0400 | 110.7521 | 112.1379 |
| July | 114.0130 | 111.9771 | 112.9520 |
| August | 115.2640 | 110.9736 | 113.3561 |
| September | 115.1659 | 109.3129 | 112.0768 |
| October | 113.7527 | 111.2969 | 112.5743 |
| November | 115.9636 | 111.6906 | 113.7235 |
| December | 122.6499 | 115.7819 | 118.2929 |