YEARLY HIGH
0.0044 BND
YEARLY LOW
0.0037 BND
YEARLY AVERAGE
0.0038 BND

2019 NGN to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on June 10, valuing the pair at 0.0044. Conversely, the yearly low was recorded on December 31, dropping to 0.0037.

This high-to-low spread represents a total annual volatility of 0.0007 BND. From a start-to-finish perspective, comparing the January average rate of 0.0043 to the December average rate of 0.0037, the exchange rate registered a net change of -13.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0044 was up 1.52% compared to the 2018 peak of 0.0043, 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 4,408 BND
2018 Average 3,898 BND
Yearly Trough Low 3,707 BND
Transaction Impact: A difference of 700.54 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0044
0.0037
JanuMarcMayJulySeptNove

NGN to BND 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 0.0039, compared to 0.0038 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) 0.0039
H2 Avg (Jul–Dec) 0.0038

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0007 BND (High: 0.0044 / Low: 0.0037). On the other end, November was the most stable month, with a tight range of 0.0000 BND (High: 0.0038 / Low: 0.0037).

August Spread (Volatile) ±0.0007
November Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0005 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2019: 0.0039) against the same month in 2018 (average: 0.0040), the exchange rate shifted by -0.0001 (-1.97%).

2019 Avg (June) 0.0039
2018 Avg (June) 0.0040

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0044 0.0037 0.0043
February 0.0044 0.0037 0.0038
March 0.0038 0.0037 0.0038
April 0.0038 0.0037 0.0038
May 0.0038 0.0037 0.0038
June 0.0044 0.0037 0.0039
July 0.0038 0.0037 0.0037
August 0.0044 0.0037 0.0038
September 0.0038 0.0037 0.0037
October 0.0038 0.0037 0.0038
November 0.0038 0.0037 0.0038
December 0.0038 0.0037 0.0037