2020 MGA to NGN Historical Review

YEARLY HIGH

0.1038 NGN

YEARLY LOW

0.0959 NGN

YEARLY AVERAGE

0.0998 NGN

2020 MGA to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MGA to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 0.1038. Conversely, the yearly low was recorded on October 29, dropping to 0.0959.

This high-to-low spread represents a total annual volatility of 0.0080 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0984 to the December average rate of 0.1006, the exchange rate registered a net change of 2.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1038 was down 30.33% compared to the 2019 peak of 0.1490, 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 519 NGN

2019 Average 496 NGN

Yearly Trough Low 479 NGN

Transaction Impact: A difference of 39.86 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1026

0.0969

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 0.1003, compared to 0.0994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.1003

H2 Avg (Jul–Dec) 0.0994

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0069 NGN (High: 0.1038 / Low: 0.0970). On the other end, May was the most stable month, with a tight range of 0.0018 NGN (High: 0.1029 / Low: 0.1011).

March Spread (Volatile) ±0.0069

May Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between February and May, 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 0.0019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0996) against the same month in 2019 (average: 0.1017), the exchange rate shifted by -0.0021 (-2.05%).

2020 Avg (March) 0.0996

2019 Avg (March) 0.1017

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1000	0.0972	0.0984
February	0.0999	0.0973	0.0983
March	0.1038	0.0970	0.0996
April	0.1038	0.0974	0.1020
May	0.1029	0.1011	0.1022
June	0.1035	0.1001	0.1013
July	0.1021	0.1001	0.1008
August	0.1021	0.0988	0.1004
September	0.1008	0.0979	0.0994
October	0.0990	0.0959	0.0975
November	0.1013	0.0960	0.0974
December	0.1036	0.0983	0.1006