2020 NAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 27.0128. Conversely, the yearly low was recorded on April 5, dropping to 19.3209.
This high-to-low spread represents a total annual volatility of 7.6919 NGN. From a start-to-finish perspective, comparing the January average rate of 25.2369 to the December average rate of 25.8147, the exchange rate registered a net change of 2.29% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 27.0128 was down 0.72% compared to the 2019 peak of 27.2088, 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 2020.
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 22.7811, compared to 23.6003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8192 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 2.7813 NGN (High: 23.8095 / Low: 21.0283). On the other end, July was the most stable month, with a tight range of 0.8370 NGN (High: 23.5419 / Low: 22.7049).
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 February and March, when the average rate fell by 1.9794 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 25.8147) against the same month in 2019 (average: 25.1670), the exchange rate shifted by +0.6477 (+2.57%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.9425 | 24.4926 | 25.2369 |
| February | 24.6430 | 23.7338 | 24.3143 |
| March | 23.8095 | 21.0283 | 22.3350 |
| April | 21.6553 | 19.3209 | 20.7497 |
| May | 22.4267 | 20.8420 | 21.4141 |
| June | 23.3574 | 22.1427 | 22.6368 |
| July | 23.5419 | 22.7049 | 23.1505 |
| August | 23.4408 | 21.6201 | 22.2150 |
| September | 23.7293 | 22.2125 | 22.8436 |
| October | 23.5623 | 21.1836 | 23.0010 |
| November | 25.0337 | 23.3280 | 24.5769 |
| December | 27.0128 | 24.8016 | 25.8147 |