2020 KWD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 KWD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the KWD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 1293.9951. Conversely, the yearly low was recorded on March 25, dropping to 1154.1980.
This high-to-low spread represents a total annual volatility of 139.7970 NGN. From a start-to-finish perspective, comparing the January average rate of 1193.6485 to the December average rate of 1259.1183, the exchange rate registered a net change of 5.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 1293.9951 was up 7.24% compared to the 2019 peak of 1206.5943, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
KWD 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 1223.3838, compared to 1255.5743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.1905 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 96.5078 NGN (High: 1250.7059 / Low: 1154.1980). On the other end, June was the most stable month, with a tight range of 7.8178 NGN (High: 1262.0923 / Low: 1254.2746).
Growth Streaks & Declines
TrendsBetween February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 5.9054 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 1259.1183) against the same month in 2019 (average: 1194.4135), the exchange rate shifted by +64.7048 (+5.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1205.1938 | 1190.2510 | 1193.6485 |
| February | 1198.2274 | 1185.1807 | 1193.1978 |
| March | 1250.7059 | 1154.1980 | 1198.9312 |
| April | 1261.2135 | 1179.8898 | 1236.7399 |
| May | 1264.1550 | 1250.1690 | 1259.3989 |
| June | 1262.0923 | 1254.2746 | 1258.3864 |
| July | 1271.1985 | 1256.9846 | 1261.6871 |
| August | 1270.1560 | 1238.2270 | 1259.9773 |
| September | 1266.2081 | 1241.5935 | 1254.0719 |
| October | 1259.6306 | 1244.4734 | 1248.8074 |
| November | 1255.2036 | 1244.2698 | 1249.7840 |
| December | 1293.9951 | 1242.6530 | 1259.1183 |