2020 NGN to BBD Historical Review

YEARLY HIGH

0.0055 BBD

YEARLY LOW

0.0051 BBD

YEARLY AVERAGE

0.0053 BBD

2020 NGN to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0055. Conversely, the yearly low was recorded on December 26, dropping to 0.0051.

This high-to-low spread represents a total annual volatility of 0.0005 BBD. From a start-to-finish perspective, comparing the January average rate of 0.0055 to the December average rate of 0.0052, the exchange rate registered a net change of -5.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0055 was down 15.19% compared to the 2019 peak of 0.0065, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 5,536 BBD

2019 Average 5,558 BBD

Yearly Trough Low 5,064 BBD

Transaction Impact: A difference of 471.31 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0056

0.0051

JanuMarcMayJulySeptNove

NGN to BBD 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 0.0053, compared to 0.0052 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0053

H2 Avg (Jul–Dec) 0.0052

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0004 BBD (High: 0.0055 / Low: 0.0051). On the other end, June was the most stable month, with a tight range of 0.0000 BBD (High: 0.0052 / Low: 0.0052).

March Spread (Volatile) ±0.0004

June Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between July and November, 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 March and April, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.0055) against the same month in 2019 (average: 0.0055), the exchange rate shifted by +0.0000 (+0.31%).

2020 Avg (January) 0.0055

2019 Avg (January) 0.0055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0055	0.0055	0.0055
February	0.0055	0.0055	0.0055
March	0.0055	0.0051	0.0054
April	0.0054	0.0051	0.0052
May	0.0052	0.0051	0.0051
June	0.0052	0.0052	0.0052
July	0.0052	0.0051	0.0052
August	0.0053	0.0052	0.0052
September	0.0053	0.0052	0.0052
October	0.0053	0.0052	0.0052
November	0.0053	0.0052	0.0052
December	0.0053	0.0051	0.0052