2020 JOD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 JOD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the JOD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 557.0202. Conversely, the yearly low was recorded on January 16, dropping to 509.5936.
This high-to-low spread represents a total annual volatility of 47.4265 NGN. From a start-to-finish perspective, comparing the January average rate of 510.9633 to the December average rate of 541.4781, the exchange rate registered a net change of 5.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 557.0202 was up 8.18% compared to the 2019 peak of 514.9038, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
JOD 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 530.9067, compared to 541.7100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.8033 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 38.5691 NGN (High: 552.1417 / Low: 513.5725). On the other end, June was the most stable month, with a tight range of 2.6627 NGN (High: 547.2496 / Low: 544.5869).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 3.4219 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 541.4781) against the same month in 2019 (average: 511.3674), the exchange rate shifted by +30.1107 (+5.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 516.3839 | 509.5936 | 510.9633 |
| February | 516.0365 | 510.9386 | 513.4832 |
| March | 552.1417 | 513.5725 | 522.9278 |
| April | 550.0705 | 516.9014 | 542.8405 |
| May | 550.8750 | 545.0172 | 548.8215 |
| June | 547.2496 | 544.5869 | 546.4037 |
| July | 548.7167 | 545.4351 | 546.7233 |
| August | 547.5035 | 533.8505 | 543.3014 |
| September | 546.5341 | 536.6714 | 541.1463 |
| October | 544.3061 | 536.6714 | 538.8382 |
| November | 541.9379 | 535.9661 | 538.7725 |
| December | 557.0202 | 535.2609 | 541.4781 |