YEARLY HIGH
0.0152 BRL
YEARLY LOW
0.0110 BRL
YEARLY AVERAGE
0.0135 BRL

2020 NGN to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 0.0152. Conversely, the yearly low was recorded on January 1, dropping to 0.0110.

This high-to-low spread represents a total annual volatility of 0.0042 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0114 to the December average rate of 0.0134, the exchange rate registered a net change of 17.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0152 was up 11.88% compared to the 2019 peak of 0.0136, 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 15,169 BRL
2019 Average 10,965 BRL
Yearly Trough Low 10,979 BRL
Transaction Impact: A difference of 4,189.21 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0151
0.0111
JanuMarcMayJulySeptNove

NGN to BRL 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 0.0130, compared to 0.0140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0130
H2 Avg (Jul–Dec) 0.0140

Volatility Range Comparison

Volatility

The most volatile month in 2020 was June, with a trading range of 0.0017 BRL (High: 0.0142 / Low: 0.0124). On the other end, December was the most stable month, with a tight range of 0.0006 BRL (High: 0.0138 / Low: 0.0132).

June Spread (Volatile) ±0.0017
December Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between January and May, 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 May and June, when the average rate fell by 0.0010 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2020: 0.0147) against the same month in 2019 (average: 0.0113), the exchange rate shifted by +0.0035 (+30.62%).

2020 Avg (October) 0.0147
2019 Avg (October) 0.0113

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0118 0.0110 0.0114
February 0.0123 0.0116 0.0119
March 0.0139 0.0123 0.0132
April 0.0146 0.0133 0.0138
May 0.0151 0.0135 0.0144
June 0.0142 0.0124 0.0134
July 0.0139 0.0132 0.0137
August 0.0145 0.0135 0.0141
September 0.0148 0.0136 0.0141
October 0.0152 0.0144 0.0147
November 0.0151 0.0138 0.0142
December 0.0138 0.0132 0.0134