2020 ISK to NGN Historical Review

YEARLY HIGH

3.0919 NGN

YEARLY LOW

2.5502 NGN

YEARLY AVERAGE

2.8139 NGN

2020 ISK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ISK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 3.0919. Conversely, the yearly low was recorded on April 5, dropping to 2.5502.

This high-to-low spread represents a total annual volatility of 0.5417 NGN. From a start-to-finish perspective, comparing the January average rate of 2.9340 to the December average rate of 3.0137, the exchange rate registered a net change of 2.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 3.0919 was down 0.89% compared to the 2019 peak of 3.1198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,459 NGN

2019 Average 14,694 NGN

Yearly Trough Low 12,751 NGN

Transaction Impact: A difference of 2,708.43 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

3.0485

2.6304

JanuMarcMayJulySeptNove

ISK 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 2.8004, compared to 2.8275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0271 points.

H1 Avg (Jan–Jun) 2.8004

H2 Avg (Jul–Dec) 2.8275

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2956 NGN (High: 2.8854 / Low: 2.5898). On the other end, August was the most stable month, with a tight range of 0.0856 NGN (High: 2.8634 / Low: 2.7778).

March Spread (Volatile) ±0.2956

August Spread (Stable) ±0.0856

Growth Streaks & Declines

Trends

Between 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 0.1231 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1231

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 3.0137) against the same month in 2019 (average: 2.9716), the exchange rate shifted by +0.0421 (+1.42%).

2020 Avg (December) 3.0137

2019 Avg (December) 2.9716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0245	2.9010	2.9340
February	2.9449	2.8310	2.8776
March	2.8854	2.5898	2.7545
April	2.7288	2.5502	2.6652
May	2.8495	2.6469	2.7158
June	2.9495	2.7788	2.8551
July	2.8884	2.7499	2.8024
August	2.8634	2.7778	2.8181
September	2.8454	2.7247	2.7847
October	2.7892	2.6968	2.7481
November	2.8811	2.6926	2.7978
December	3.0919	2.9095	3.0137