YEARLY HIGH
0.0044 CAD
YEARLY LOW
0.0036 CAD
YEARLY AVERAGE
0.0037 CAD

2019 NGN to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 0.0044. Conversely, the yearly low was recorded on December 31, dropping to 0.0036.

This high-to-low spread represents a total annual volatility of 0.0008 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0037 to the December average rate of 0.0036, the exchange rate registered a net change of -0.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0044 was up 16.92% compared to the 2018 peak of 0.0037, 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 4,380 CAD
2018 Average 3,588 CAD
Yearly Trough Low 3,579 CAD
Transaction Impact: A difference of 800.73 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0039
0.0036
JanuMarcMayJulySeptNove

NGN to CAD 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 0.0037, compared to 0.0037 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) 0.0037
H2 Avg (Jul–Dec) 0.0037

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.0007 CAD (High: 0.0044 / Low: 0.0036). On the other end, May was the most stable month, with a tight range of 0.0000 CAD (High: 0.0038 / Low: 0.0037).

June Spread (Volatile) ±0.0007
May Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between February and June, 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 June and July, 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 (June 2019: 0.0038) against the same month in 2018 (average: 0.0036), the exchange rate shifted by +0.0002 (+5.47%).

2019 Avg (June) 0.0038
2018 Avg (June) 0.0036

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0038 0.0036 0.0037
February 0.0037 0.0036 0.0037
March 0.0037 0.0037 0.0037
April 0.0038 0.0037 0.0037
May 0.0038 0.0037 0.0037
June 0.0044 0.0036 0.0038
July 0.0037 0.0036 0.0036
August 0.0043 0.0036 0.0037
September 0.0037 0.0036 0.0037
October 0.0037 0.0036 0.0036
November 0.0037 0.0036 0.0037
December 0.0037 0.0036 0.0036