2020 JMD to NGN Historical Review

YEARLY HIGH

2.9019 NGN

YEARLY LOW

2.5502 NGN

YEARLY AVERAGE

2.6803 NGN

2020 JMD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the JMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 2.9019. Conversely, the yearly low was recorded on August 7, dropping to 2.5502.

This high-to-low spread represents a total annual volatility of 0.3517 NGN. From a start-to-finish perspective, comparing the January average rate of 2.6933 to the December average rate of 2.6709, the exchange rate registered a net change of -0.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.9019 was up 0.20% compared to the 2019 peak of 2.8960, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,510 NGN

2019 Average 13,493 NGN

Yearly Trough Low 12,751 NGN

Transaction Impact: A difference of 1,758.49 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.8200

2.5631

JanuMarcMayJulySeptNove

JMD 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 2.7145, compared to 2.6460 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0685 points.

H1 Avg (Jan–Jun) 2.7145

H2 Avg (Jul–Dec) 2.6460

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.2233 NGN (High: 2.8874 / Low: 2.6642). On the other end, June was the most stable month, with a tight range of 0.0719 NGN (High: 2.7810 / Low: 2.7091).

March Spread (Volatile) ±0.2233

June Spread (Stable) ±0.0719

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 0.1242 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 2.7986) against the same month in 2019 (average: 2.7791), the exchange rate shifted by +0.0195 (+0.70%).

2020 Avg (April) 2.7986

2019 Avg (April) 2.7791

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7701	2.5944	2.6933
February	2.6642	2.5691	2.6033
March	2.8874	2.6642	2.7424
April	2.9019	2.7081	2.7986
May	2.7688	2.6386	2.6971
June	2.7810	2.7091	2.7525
July	2.7895	2.6278	2.7086
August	2.6377	2.5502	2.5845
September	2.7313	2.5998	2.6678
October	2.7071	2.6056	2.6450
November	2.6432	2.5686	2.5994
December	2.7657	2.6009	2.6709