2019 NGN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NGN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NGN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 6.0728. Conversely, the yearly low was recorded on January 9, dropping to 4.9106.
This high-to-low spread represents a total annual volatility of 1.1621 BIF. From a start-to-finish perspective, comparing the January average rate of 4.9670 to the December average rate of 5.1773, the exchange rate registered a net change of 4.23% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 6.0728 was up 20.79% compared to the 2018 peak of 5.0275, 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 2019.
NGN to BIF 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 5.0927, compared to 5.1446 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0519 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 1.0272 BIF (High: 6.0335 / Low: 5.0063). On the other end, November was the most stable month, with a tight range of 0.0233 BIF (High: 5.1797 / Low: 5.1564).
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 0.2148 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2019: 5.3288) against the same month in 2018 (average: 4.9224), the exchange rate shifted by +0.4064 (+8.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.0339 | 4.9106 | 4.9670 |
| February | 5.0650 | 4.9666 | 5.0179 |
| March | 5.1017 | 5.0030 | 5.0543 |
| April | 5.1000 | 5.0713 | 5.0879 |
| May | 5.1417 | 5.0679 | 5.1003 |
| June | 6.0728 | 5.0850 | 5.3288 |
| July | 5.1444 | 5.0835 | 5.1140 |
| August | 6.0335 | 5.0063 | 5.1470 |
| September | 5.1850 | 5.0878 | 5.1246 |
| October | 5.1757 | 5.0918 | 5.1360 |
| November | 5.1797 | 5.1564 | 5.1689 |
| December | 5.2000 | 5.1649 | 5.1773 |