YEARLY HIGH
70.3566 STD
YEARLY LOW
57.6133 STD
YEARLY AVERAGE
59.2240 STD

2019 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 70.3566. Conversely, the yearly low was recorded on January 9, dropping to 57.6133.

This high-to-low spread represents a total annual volatility of 12.7433 STD. From a start-to-finish perspective, comparing the January average rate of 57.9277 to the December average rate of 59.4605, the exchange rate registered a net change of 2.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 70.3566 was up 19.59% compared to the 2018 peak of 58.8335, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 70,356,632 STD
2018 Average 57,185,935 STD
Yearly Trough Low 57,613,324 STD
Transaction Impact: A difference of 12,743,308.10 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

61.2742
57.6234
JanuMarcMayJulySeptNove

NGN to STD 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: JanтАУJun) was 58.7476, compared to 59.7004 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.9528 points.

H1 Avg (JanтАУJun) 58.7476
H2 Avg (JulтАУDec) 59.7004

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 11.0963 STD (High: 70.3566 / Low: 59.2603). On the other end, November was the most stable month, with a tight range of 0.2383 STD (High: 59.6426 / Low: 59.4043).

August Spread (Volatile) ┬▒11.0963
November Spread (Stable) ┬▒0.2383

Growth Streaks & Declines

Trends

Between January and April, 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 June and July, when the average rate fell by 1.1538 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.1538

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 60.1633) against the same month in 2018 (average: 58.3054), the exchange rate shifted by +1.8579 (+3.19%).

2019 Avg (August) 60.1633
2018 Avg (August) 58.3054

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 58.1910 57.6133 57.9277
February 58.3321 58.0060 58.2350
March 58.6368 58.1942 58.4538
April 58.6954 58.2433 58.4586
May 58.5747 58.2048 58.4406
June 68.7008 58.2535 60.9699
July 59.9744 59.5206 59.8162
August 70.3566 59.2603 60.1633
September 60.0711 59.3961 59.6369
October 59.7252 59.3610 59.5998
November 59.6426 59.4043 59.5257
December 59.6426 59.3260 59.4605