YEARLY HIGH
19.2941 NGN
YEARLY LOW
15.3437 NGN
YEARLY AVERAGE
18.7110 NGN

2019 MXN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MXN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 19.2941. Conversely, the yearly low was recorded on August 27, dropping to 15.3437.

This high-to-low spread represents a total annual volatility of 3.9504 NGN. From a start-to-finish perspective, comparing the January average rate of 18.9527 to the December average rate of 18.9960, the exchange rate registered a net change of 0.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 19.2941 was down 3.50% compared to the 2018 peak of 19.9943, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 964,707 NGN
2018 Average 940,787 NGN
Yearly Trough Low 767,187 NGN
Transaction Impact: A difference of 197,519.39 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

19.1132
17.9330
JanuMarcMayJulySeptNove

MXN 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 18.7327, compared to 18.6893 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0434 points.

H1 Avg (Jan–Jun) 18.7327
H2 Avg (Jul–Dec) 18.6893

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 3.4403 NGN (High: 18.9555 / Low: 15.5152). On the other end, July was the most stable month, with a tight range of 0.2366 NGN (High: 19.0269 / Low: 18.7903).

June Spread (Volatile) ±3.4403
July Spread (Stable) ±0.2366

Growth Streaks & Declines

Trends

Between 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 0.8125 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.8125

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2019: 18.9960) against the same month in 2018 (average: 18.1274), the exchange rate shifted by +0.8685 (+4.79%).

2019 Avg (December) 18.9960
2018 Avg (December) 18.1274

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 19.2458 18.4917 18.9527
February 18.9872 18.6042 18.8485
March 19.1460 18.4165 18.7049
April 19.2692 18.6945 19.0148
May 19.0285 18.3526 18.8439
June 18.9555 15.5152 18.0314
July 19.0269 18.7903 18.9246
August 18.7666 15.3437 18.2384
September 18.6552 18.0144 18.4632
October 18.9827 18.2538 18.7384
November 18.9533 18.5229 18.7752
December 19.2941 18.5070 18.9960