2020 NGN to DKK Historical Review

YEARLY HIGH

0.0191 DKK

YEARLY LOW

0.0154 DKK

YEARLY AVERAGE

0.0172 DKK

2020 NGN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0191. Conversely, the yearly low was recorded on December 26, dropping to 0.0154.

This high-to-low spread represents a total annual volatility of 0.0037 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0186 to the December average rate of 0.0159, the exchange rate registered a net change of -14.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0191 was down 12.73% compared to the 2019 peak of 0.0219, 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 19,134 DKK

2019 Average 18,536 DKK

Yearly Trough Low 15,443 DKK

Transaction Impact: A difference of 3,691.89 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0191

0.0156

JanuMarcMayJulySeptNove

NGN to DKK 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 0.0180, compared to 0.0164 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.0180

H2 Avg (Jul–Dec) 0.0164

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0018 DKK (High: 0.0191 / Low: 0.0173). On the other end, June was the most stable month, with a tight range of 0.0004 DKK (High: 0.0173 / Low: 0.0169).

March Spread (Volatile) ±0.0018

June Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between August and October, 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 February and March, when the average rate fell by 0.0006 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0182) against the same month in 2019 (average: 0.0183), the exchange rate shifted by -0.0001 (-0.66%).

2020 Avg (March) 0.0182

2019 Avg (March) 0.0183

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0187	0.0182	0.0186
February	0.0190	0.0185	0.0188
March	0.0191	0.0173	0.0182
April	0.0188	0.0175	0.0178
May	0.0178	0.0173	0.0176
June	0.0173	0.0169	0.0171
July	0.0171	0.0162	0.0168
August	0.0167	0.0161	0.0163
September	0.0168	0.0162	0.0165
October	0.0168	0.0164	0.0166
November	0.0168	0.0163	0.0165
December	0.0162	0.0154	0.0159