2020 NGN to AOA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NGN to AOA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NGN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 1.7521. Conversely, the yearly low was recorded on January 1, dropping to 1.3171.
This high-to-low spread represents a total annual volatility of 0.4349 AOA. From a start-to-finish perspective, comparing the January average rate of 1.3495 to the December average rate of 1.7076, the exchange rate registered a net change of 26.54% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 1.7521 was up 27.25% compared to the 2019 peak of 1.3769, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
NGN to AOA 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 1.4176, compared to 1.6237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2062 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was April, with a trading range of 0.1447 AOA (High: 1.5245 / Low: 1.3799). On the other end, February was the most stable month, with a tight range of 0.0231 AOA (High: 1.3696 / Low: 1.3465).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0531 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 1.7318) against the same month in 2019 (average: 1.3077), the exchange rate shifted by +0.4242 (+32.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3732 | 1.3171 | 1.3495 |
| February | 1.3696 | 1.3465 | 1.3585 |
| March | 1.4739 | 1.3342 | 1.3718 |
| April | 1.5245 | 1.3799 | 1.4511 |
| May | 1.5120 | 1.4021 | 1.4518 |
| June | 1.5703 | 1.4754 | 1.5227 |
| July | 1.5070 | 1.4244 | 1.4696 |
| August | 1.5595 | 1.4244 | 1.5212 |
| September | 1.6473 | 1.5664 | 1.6166 |
| October | 1.7490 | 1.6484 | 1.6956 |
| November | 1.7521 | 1.6956 | 1.7318 |
| December | 1.7332 | 1.6592 | 1.7076 |