2019 MVR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 MVR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the MVR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 23.6337. Conversely, the yearly low was recorded on June 4, dropping to 19.7864.
This high-to-low spread represents a total annual volatility of 3.8473 NGN. From a start-to-finish perspective, comparing the January average rate of 23.4693 to the December average rate of 23.4805, the exchange rate registered a net change of 0.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 23.6337 was down 0.16% compared to the 2018 peak of 23.6722, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MVR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
MVR to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 23.2218, compared to 23.4048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1831 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 3.6963 NGN (High: 23.5827 / Low: 19.8864). On the other end, December was the most stable month, with a tight range of 0.1488 NGN (High: 23.5469 / Low: 23.3981).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.8822 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 23.4693) against the same month in 2018 (average: 23.3807), the exchange rate shifted by +0.0885 (+0.38%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.6337 | 23.3055 | 23.4693 |
| February | 23.4738 | 23.2903 | 23.3818 |
| March | 23.4273 | 23.1613 | 23.2964 |
| April | 23.4692 | 23.2537 | 23.3361 |
| May | 23.4726 | 23.2258 | 23.3646 |
| June | 23.4029 | 19.7864 | 22.4825 |
| July | 23.5510 | 23.2258 | 23.3360 |
| August | 23.5827 | 19.8864 | 23.2127 |
| September | 23.5465 | 23.2312 | 23.4582 |
| October | 23.5471 | 23.3790 | 23.4649 |
| November | 23.6156 | 23.3738 | 23.4768 |
| December | 23.5469 | 23.3981 | 23.4805 |