2020 MAD to NGN Historical Review

YEARLY HIGH

44.0276 NGN

YEARLY LOW

35.6462 NGN

YEARLY AVERAGE

40.0932 NGN

2020 MAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 44.0276. Conversely, the yearly low was recorded on April 5, dropping to 35.6462.

This high-to-low spread represents a total annual volatility of 8.3815 NGN. From a start-to-finish perspective, comparing the January average rate of 37.7057 to the December average rate of 42.7409, the exchange rate registered a net change of 13.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 44.0276 was up 13.79% compared to the 2019 peak of 38.6918, 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 220,138 NGN

2019 Average 187,230 NGN

Yearly Trough Low 178,231 NGN

Transaction Impact: A difference of 41,907.47 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

43.2527

37.1102

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 38.5235, compared to 41.6630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1394 points.

H1 Avg (Jan–Jun) 38.5235

H2 Avg (Jul–Dec) 41.6630

Volatility Range Comparison

Volatility

The most volatile month in 2020 was April, with a trading range of 3.8079 NGN (High: 39.4540 / Low: 35.6462). On the other end, January was the most stable month, with a tight range of 0.5119 NGN (High: 38.0806 / Low: 37.5687).

April Spread (Volatile) ±3.8079

January Spread (Stable) ±0.5119

Growth Streaks & Declines

Trends

Between April and August, 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 March and April, when the average rate fell by 0.2984 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2984

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 42.7409) against the same month in 2019 (average: 37.6857), the exchange rate shifted by +5.0552 (+13.41%).

2020 Avg (December) 42.7409

2019 Avg (December) 37.6857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.0806	37.5687	37.7057
February	38.0828	37.3594	37.6221
March	39.2399	37.0326	38.2907
April	39.4540	35.6462	37.9923
May	39.6947	39.1711	39.5066
June	40.2254	39.5810	40.0237
July	41.6502	39.9174	40.5901
August	42.2965	40.8251	41.7221
September	42.3773	40.9451	41.6037
October	41.7525	41.2109	41.4951
November	42.1937	41.2363	41.8259
December	44.0276	41.1632	42.7409