2020 MDL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MDL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MDL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 23.5059. Conversely, the yearly low was recorded on April 5, dropping to 19.7805.
This high-to-low spread represents a total annual volatility of 3.7254 NGN. From a start-to-finish perspective, comparing the January average rate of 20.8529 to the December average rate of 22.3271, the exchange rate registered a net change of 7.07% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 23.5059 was up 9.80% compared to the 2019 peak of 21.4071, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MDL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MDL 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 21.3994, compared to 22.7461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3467 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was April, with a trading range of 2.0965 NGN (High: 21.8770 / Low: 19.7805). On the other end, November was the most stable month, with a tight range of 0.4691 NGN (High: 22.5399 / Low: 22.0708).
Growth Streaks & Declines
TrendsBetween February and August, 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 September and October, when the average rate fell by 0.4905 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2020: 23.2874) against the same month in 2019 (average: 20.3707), the exchange rate shifted by +2.9167 (+14.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.2623 | 20.4881 | 20.8529 |
| February | 21.1233 | 20.4086 | 20.7365 |
| March | 21.5620 | 20.3380 | 20.9935 |
| April | 21.8770 | 19.7805 | 21.2382 |
| May | 22.2310 | 21.7268 | 21.9961 |
| June | 22.8662 | 22.2265 | 22.5790 |
| July | 23.4634 | 22.4736 | 22.8726 |
| August | 23.5059 | 23.0278 | 23.2874 |
| September | 23.4652 | 22.5607 | 23.0821 |
| October | 22.9038 | 22.2943 | 22.5915 |
| November | 22.5399 | 22.0708 | 22.3160 |
| December | 22.8907 | 21.9983 | 22.3271 |