YEARLY HIGH
2.1037 NGN
YEARLY LOW
1.9263 NGN
YEARLY AVERAGE
2.0505 NGN

2020 LKR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the LKR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 24, valuing the pair at 2.1037. Conversely, the yearly low was recorded on April 5, dropping to 1.9263.

This high-to-low spread represents a total annual volatility of 0.1774 NGN. From a start-to-finish perspective, comparing the January average rate of 1.9967 to the December average rate of 2.0509, the exchange rate registered a net change of 2.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.1037 was up 1.80% compared to the 2019 peak of 2.0665, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,519 NGN
2019 Average 10,078 NGN
Yearly Trough Low 9,631 NGN
Transaction Impact: A difference of 887.23 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.0950
1.9877
JanuMarcMayJulySeptNove

LKR 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 2.0292, compared to 2.0718 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0426 points.

H1 Avg (Jan–Jun) 2.0292
H2 Avg (Jul–Dec) 2.0718

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 0.1254 NGN (High: 2.0517 / Low: 1.9263). On the other end, July was the most stable month, with a tight range of 0.0122 NGN (High: 2.0940 / Low: 2.0818).

April Spread (Volatile) ±0.1254
July Spread (Stable) ±0.0122

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0151 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0151

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 2.0757) against the same month in 2019 (average: 2.0424), the exchange rate shifted by +0.0333 (+1.63%).

2020 Avg (May) 2.0757
2019 Avg (May) 2.0424

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.0082 1.9921 1.9967
February 2.0123 1.9953 2.0047
March 2.0649 1.9477 2.0061
April 2.0517 1.9263 2.0082
May 2.1037 2.0445 2.0757
June 2.0946 2.0680 2.0837
July 2.0940 2.0818 2.0861
August 2.1030 2.0427 2.0825
September 2.0946 2.0533 2.0735
October 2.0942 2.0609 2.0718
November 2.0852 2.0515 2.0660
December 2.0926 1.9947 2.0509