2020 NGN to CVE Historical Review

YEARLY HIGH

0.7008 CVE

YEARLY LOW

0.2297 CVE

YEARLY AVERAGE

0.2568 CVE

2020 NGN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.7008. Conversely, the yearly low was recorded on December 26, dropping to 0.2297.

This high-to-low spread represents a total annual volatility of 0.4712 CVE. From a start-to-finish perspective, comparing the January average rate of 0.2751 to the December average rate of 0.2369, the exchange rate registered a net change of -13.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.7008 was up 115.52% compared to the 2019 peak of 0.3252, 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 700,833 CVE

2019 Average 274,573 CVE

Yearly Trough Low 229,663 CVE

Transaction Impact: A difference of 471,170.55 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.2891

0.2321

JanuMarcMayJulySeptNove

NGN to CVE 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 0.2695, compared to 0.2442 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0254 points.

H1 Avg (Jan–Jun) 0.2695

H2 Avg (Jul–Dec) 0.2442

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.4437 CVE (High: 0.7008 / Low: 0.2571). On the other end, October was the most stable month, with a tight range of 0.0050 CVE (High: 0.2488 / Low: 0.2437).

March Spread (Volatile) ±0.4437

October Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0196 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0196

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.2843) against the same month in 2019 (average: 0.2716), the exchange rate shifted by +0.0127 (+4.68%).

2020 Avg (March) 0.2843

2019 Avg (March) 0.2716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2775	0.2694	0.2751
February	0.2821	0.2754	0.2787
March	0.7008	0.2571	0.2843
April	0.2792	0.2595	0.2647
May	0.2639	0.2571	0.2605
June	0.2570	0.2512	0.2540
July	0.2579	0.2418	0.2499
August	0.2493	0.2391	0.2424
September	0.2503	0.2398	0.2446
October	0.2488	0.2437	0.2463
November	0.2488	0.2407	0.2449
December	0.2414	0.2297	0.2369