2020 NGN to CNY Historical Review

YEARLY HIGH

0.0195 CNY

YEARLY LOW

0.0166 CNY

YEARLY AVERAGE

0.0182 CNY

2020 NGN to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 0.0195. Conversely, the yearly low was recorded on December 26, dropping to 0.0166.

This high-to-low spread represents a total annual volatility of 0.0030 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0191 to the December average rate of 0.0170, the exchange rate registered a net change of -10.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0195 was down 16.33% compared to the 2019 peak of 0.0234, 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 19,539 CNY

2019 Average 19,202 CNY

Yearly Trough Low 16,565 CNY

Transaction Impact: A difference of 2,974.16 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0194

0.0168

JanuMarcMayJulySeptNove

NGN to CNY 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 0.0187, compared to 0.0176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0187

H2 Avg (Jul–Dec) 0.0176

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0014 CNY (High: 0.0195 / Low: 0.0181). On the other end, June was the most stable month, with a tight range of 0.0002 CNY (High: 0.0184 / Low: 0.0182).

March Spread (Volatile) ±0.0014

June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0006 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0190) against the same month in 2019 (average: 0.0186), the exchange rate shifted by +0.0003 (+1.70%).

2020 Avg (March) 0.0190

2019 Avg (March) 0.0186

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0193	0.0189	0.0191
February	0.0193	0.0191	0.0192
March	0.0195	0.0181	0.0190
April	0.0193	0.0181	0.0184
May	0.0184	0.0181	0.0183
June	0.0184	0.0182	0.0183
July	0.0182	0.0180	0.0181
August	0.0184	0.0177	0.0180
September	0.0179	0.0176	0.0178
October	0.0178	0.0174	0.0176
November	0.0176	0.0171	0.0173
December	0.0173	0.0166	0.0170