2019 MGA to NGN Historical Review

YEARLY HIGH

0.1490 NGN

YEARLY LOW

0.0825 NGN

YEARLY AVERAGE

0.0992 NGN

2019 MGA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MGA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 0.1490. Conversely, the yearly low was recorded on August 27, dropping to 0.0825.

This high-to-low spread represents a total annual volatility of 0.0665 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1021 to the December average rate of 0.1011, the exchange rate registered a net change of -1.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.1490 was up 27.21% compared to the 2018 peak of 0.1172, 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 745 NGN

2018 Average 541 NGN

Yearly Trough Low 413 NGN

Transaction Impact: A difference of 332.66 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.1029

0.0946

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 0.1000, compared to 0.0984 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1000

H2 Avg (Jul–Dec) 0.0984

Volatility Range Comparison

Volatility

The most volatile month in 2019 was December, with a trading range of 0.0507 NGN (High: 0.1490 / Low: 0.0983). On the other end, July was the most stable month, with a tight range of 0.0015 NGN (High: 0.0997 / Low: 0.0982).

December Spread (Volatile) ±0.0507

July Spread (Stable) ±0.0015

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 0.0035 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 0.1011) against the same month in 2018 (average: 0.1025), the exchange rate shifted by -0.0014 (-1.39%).

2019 Avg (December) 0.1011

2018 Avg (December) 0.1025

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1044	0.0994	0.1021
February	0.1043	0.0999	0.1022
March	0.1031	0.1006	0.1017
April	0.1013	0.0984	0.0997
May	0.1000	0.0979	0.0989
June	0.0992	0.0836	0.0953
July	0.0997	0.0982	0.0991
August	0.0992	0.0825	0.0974
September	0.0977	0.0955	0.0966
October	0.0993	0.0969	0.0981
November	0.1005	0.0967	0.0982
December	0.1490	0.0983	0.1011