YEARLY HIGH
60.7893 STD
YEARLY LOW
51.9981 STD
YEARLY AVERAGE
56.6368 STD

2020 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 60.7893. Conversely, the yearly low was recorded on December 26, dropping to 51.9981.

This high-to-low spread represents a total annual volatility of 8.7912 STD. From a start-to-finish perspective, comparing the January average rate of 59.5170 to the December average rate of 53.8664, the exchange rate registered a net change of -9.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 60.7893 was down 13.60% compared to the 2019 peak of 70.3566, 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 60,789,277 STD
2019 Average 59,227,479 STD
Yearly Trough Low 51,998,089 STD
Transaction Impact: A difference of 8,791,187.21 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

60.9086
53.2262
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 58.3801, compared to 54.8935 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 3.4866 points.

H1 Avg (JanтАУJun) 58.3801
H2 Avg (JulтАУDec) 54.8935

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 4.2464 STD (High: 60.7893 / Low: 56.5429). On the other end, June was the most stable month, with a tight range of 0.2953 STD (High: 56.9980 / Low: 56.7026).

March Spread (Volatile) ┬▒4.2464
June Spread (Stable) ┬▒0.2953

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.3299 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -2.3299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 59.6430) against the same month in 2019 (average: 58.4538), the exchange rate shifted by +1.1892 (+2.03%).

2020 Avg (March) 59.6430
2019 Avg (March) 58.4538

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 59.6753 58.8906 59.5170
February 60.7018 59.2236 60.2684
March 60.7893 56.5429 59.6430
April 60.0893 56.5402 57.3131
May 57.0636 56.4568 56.6667
June 56.9980 56.7026 56.8727
July 56.7342 55.0797 56.2305
August 56.2557 54.1304 54.8133
September 55.2744 54.0944 54.6427
October 55.2368 54.4991 54.9504
November 55.3709 54.5038 54.8576
December 54.9292 51.9981 53.8664