YEARLY HIGH
10.0334 NGN
YEARLY LOW
9.2394 NGN
YEARLY AVERAGE
9.6964 NGN

2020 MUR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MUR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 10.0334. Conversely, the yearly low was recorded on March 25, dropping to 9.2394.

This high-to-low spread represents a total annual volatility of 0.7940 NGN. From a start-to-finish perspective, comparing the January average rate of 9.9016 to the December average rate of 9.6931, the exchange rate registered a net change of -2.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 10.0334 was down 6.19% compared to the 2019 peak of 10.6952, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 50,167 NGN
2019 Average 50,631 NGN
Yearly Trough Low 46,197 NGN
Transaction Impact: A difference of 3,970.16 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

9.9347
9.5378
JanuMarcMayJulySeptNove

MUR 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 9.7457, compared to 9.6471 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0987 points.

H1 Avg (Jan–Jun) 9.7457
H2 Avg (Jul–Dec) 9.6471

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.7339 NGN (High: 9.9732 / Low: 9.2394). On the other end, June was the most stable month, with a tight range of 0.1735 NGN (High: 9.7662 / Low: 9.5926).

March Spread (Volatile) ±0.7339
June Spread (Stable) ±0.1735

Growth Streaks & Declines

Trends

Between March and May, 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 February and March, when the average rate fell by 0.1313 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.1313

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 9.9016) against the same month in 2019 (average: 10.6003), the exchange rate shifted by -0.6987 (-6.59%).

2020 Avg (January) 9.9016
2019 Avg (January) 10.6003

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 10.0334 9.8142 9.9016
February 9.9340 9.6502 9.7817
March 9.9732 9.2394 9.6504
April 9.9212 9.2560 9.7017
May 9.8212 9.6230 9.7468
June 9.7662 9.5926 9.6922
July 9.8149 9.5886 9.7006
August 9.8149 9.5388 9.6985
September 9.7941 9.5363 9.6419
October 9.7085 9.4871 9.5774
November 9.6466 9.4652 9.5709
December 9.9906 9.4712 9.6931