2019 MAD to NGN Historical Review

YEARLY HIGH

38.6918 NGN

YEARLY LOW

31.6842 NGN

YEARLY AVERAGE

37.4460 NGN

2019 MAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 38.6918. Conversely, the yearly low was recorded on June 5, dropping to 31.6842.

This high-to-low spread represents a total annual volatility of 7.0077 NGN. From a start-to-finish perspective, comparing the January average rate of 38.1228 to the December average rate of 37.6857, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 38.6918 was down 2.07% compared to the 2018 peak of 39.5114, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 193,459 NGN

2018 Average 192,466 NGN

Yearly Trough Low 158,421 NGN

Transaction Impact: A difference of 35,038.40 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

38.3156

36.0020

JanuMarcMayJulySeptNove

MAD 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 37.3788, compared to 37.5132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1344 points.

H1 Avg (Jan–Jun) 37.3788

H2 Avg (Jul–Dec) 37.5132

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 6.2433 NGN (High: 38.2029 / Low: 31.9596). On the other end, February was the most stable month, with a tight range of 0.2782 NGN (High: 38.0610 / Low: 37.7828).

August Spread (Volatile) ±6.2433

February Spread (Stable) ±0.2782

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 1.0413 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0413

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 38.1228) against the same month in 2018 (average: 38.9250), the exchange rate shifted by -0.8023 (-2.06%).

2019 Avg (January) 38.1228

2018 Avg (January) 38.9250

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.6918	37.7014	38.1228
February	38.0610	37.7828	37.8910
March	37.8340	37.2568	37.4644
April	37.5499	37.1158	37.3638
May	37.4027	36.9898	37.2361
June	37.8721	31.6842	36.1948
July	37.7751	37.4070	37.5864
August	38.2029	31.9596	37.4460
September	37.6021	37.1002	37.3592
October	37.6828	37.2331	37.4708
November	37.6843	37.3693	37.5313
December	37.9895	37.5235	37.6857