YEARLY HIGH
0.2462 NGN
YEARLY LOW
0.2003 NGN
YEARLY AVERAGE
0.2366 NGN

2019 MMK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MMK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.2462. Conversely, the yearly low was recorded on June 5, dropping to 0.2003.

This high-to-low spread represents a total annual volatility of 0.0459 NGN. From a start-to-finish perspective, comparing the January average rate of 0.2371 to the December average rate of 0.2418, the exchange rate registered a net change of 1.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.2462 was down 9.69% compared to the 2018 peak of 0.2726, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,231 NGN
2018 Average 1,259 NGN
Yearly Trough Low 1,002 NGN
Transaction Impact: A difference of 229.50 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.2432
0.2268
JanuMarcMayJulySeptNove

MMK 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 0.2351, compared to 0.2382 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.2351
H2 Avg (Jul–Dec) 0.2382

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0405 NGN (High: 0.2425 / Low: 0.2020). On the other end, July was the most stable month, with a tight range of 0.0024 NGN (High: 0.2396 / Low: 0.2372).

August Spread (Volatile) ±0.0405
July Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0071 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 0.2418) against the same month in 2018 (average: 0.2324), the exchange rate shifted by +0.0094 (+4.05%).

2019 Avg (December) 0.2418
2018 Avg (December) 0.2324

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.2396 0.2352 0.2371
February 0.2386 0.2331 0.2364
March 0.2391 0.2336 0.2364
April 0.2394 0.2349 0.2374
May 0.2383 0.2337 0.2352
June 0.2378 0.2003 0.2282
July 0.2396 0.2372 0.2384
August 0.2425 0.2020 0.2369
September 0.2385 0.2352 0.2365
October 0.2380 0.2355 0.2364
November 0.2409 0.2378 0.2391
December 0.2462 0.2391 0.2418