2019 NAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 27.2088. Conversely, the yearly low was recorded on May 19, dropping to 9.7720.
This high-to-low spread represents a total annual volatility of 17.4368 NGN. From a start-to-finish perspective, comparing the January average rate of 26.1772 to the December average rate of 25.1670, the exchange rate registered a net change of -3.86% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 27.2088 was down 12.95% compared to the 2018 peak of 31.2551, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
NAD 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 25.2149, compared to 24.6226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5923 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was May, with a trading range of 15.5911 NGN (High: 25.3631 / Low: 9.7720). On the other end, July was the most stable month, with a tight range of 0.7044 NGN (High: 26.0565 / Low: 25.3521).
Growth Streaks & Declines
TrendsBetween October and December, 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 July and August, when the average rate fell by 1.9483 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 26.1772) against the same month in 2018 (average: 29.5607), the exchange rate shifted by -3.3835 (-11.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.2088 | 25.2949 | 26.1772 |
| February | 27.1347 | 25.5723 | 26.2377 |
| March | 26.0259 | 24.6238 | 25.0704 |
| April | 25.7990 | 24.6238 | 25.4180 |
| May | 25.3631 | 9.7720 | 24.5101 |
| June | 25.4958 | 20.4034 | 23.8761 |
| July | 26.0565 | 25.3521 | 25.7054 |
| August | 25.3343 | 20.0495 | 23.7571 |
| September | 24.7280 | 23.7602 | 24.3404 |
| October | 24.9287 | 23.6942 | 24.2830 |
| November | 24.7727 | 23.9481 | 24.4826 |
| December | 25.9083 | 24.4893 | 25.1670 |