YEARLY HIGH
0.0746 NGN
YEARLY LOW
0.0689 NGN
YEARLY AVERAGE
0.0720 NGN

2013 MGA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MGA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.0746. Conversely, the yearly low was recorded on January 1, dropping to 0.0689.

This high-to-low spread represents a total annual volatility of 0.0057 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0701 to the December average rate of 0.0706, the exchange rate registered a net change of 0.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.0746 was down 2.76% compared to the 2012 peak of 0.0768, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 373 NGN
2012 Average 363 NGN
Yearly Trough Low 345 NGN
Transaction Impact: A difference of 28.69 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.0740
0.0698
JanuMarcMayJulySeptNove

MGA 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 0.0717, compared to 0.0722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0717
H2 Avg (Jul–Dec) 0.0722

Volatility Range Comparison

Volatility

The most volatile month in 2013 was September, with a trading range of 0.0029 NGN (High: 0.0743 / Low: 0.0714). On the other end, February was the most stable month, with a tight range of 0.0009 NGN (High: 0.0720 / Low: 0.0711).

September Spread (Volatile) ±0.0029
February Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between March and June, 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 September and October, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2013: 0.0736) against the same month in 2012 (average: 0.0706), the exchange rate shifted by +0.0031 (+4.35%).

2013 Avg (August) 0.0736
2012 Avg (August) 0.0706

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0717 0.0689 0.0701
February 0.0720 0.0711 0.0715
March 0.0717 0.0703 0.0712
April 0.0730 0.0702 0.0718
May 0.0728 0.0715 0.0720
June 0.0745 0.0718 0.0734
July 0.0738 0.0727 0.0732
August 0.0746 0.0727 0.0736
September 0.0743 0.0714 0.0732
October 0.0725 0.0709 0.0718
November 0.0725 0.0701 0.0709
December 0.0717 0.0702 0.0706