2020 NGN to DJF Historical Review

YEARLY HIGH

0.4927 DJF

YEARLY LOW

0.4510 DJF

YEARLY AVERAGE

0.4685 DJF

2020 NGN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.4927. Conversely, the yearly low was recorded on December 26, dropping to 0.4510.

This high-to-low spread represents a total annual volatility of 0.0417 DJF. From a start-to-finish perspective, comparing the January average rate of 0.4914 to the December average rate of 0.4638, the exchange rate registered a net change of -5.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.4927 was down 15.22% compared to the 2019 peak of 0.5811, 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 492,663 DJF

2019 Average 494,535 DJF

Yearly Trough Low 450,978 DJF

Transaction Impact: A difference of 41,684.76 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.4948

0.4541

JanuMarcMayJulySeptNove

NGN to DJF 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 0.4734, compared to 0.4636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0099 points.

H1 Avg (Jan–Jun) 0.4734

H2 Avg (Jul–Dec) 0.4636

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0342 DJF (High: 0.4890 / Low: 0.4548). On the other end, June was the most stable month, with a tight range of 0.0023 DJF (High: 0.4611 / Low: 0.4588).

March Spread (Volatile) ±0.0342

June Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between July and November, 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 March and April, when the average rate fell by 0.0177 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0177

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.4914) against the same month in 2019 (average: 0.4872), the exchange rate shifted by +0.0042 (+0.86%).

2020 Avg (January) 0.4914

2019 Avg (January) 0.4872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4927	0.4862	0.4914
February	0.4917	0.4866	0.4891
March	0.4890	0.4548	0.4804
April	0.4850	0.4564	0.4626
May	0.4606	0.4558	0.4575
June	0.4611	0.4588	0.4595
July	0.4603	0.4577	0.4593
August	0.4703	0.4587	0.4621
September	0.4679	0.4594	0.4640
October	0.4686	0.4615	0.4660
November	0.4686	0.4631	0.4661
December	0.4690	0.4510	0.4638