YEARLY HIGH
0.1606 DOP
YEARLY LOW
0.1381 DOP
YEARLY AVERAGE
0.1486 DOP

2020 NGN to DOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to DOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 16, valuing the pair at 0.1606. Conversely, the yearly low was recorded on March 30, dropping to 0.1381.

This high-to-low spread represents a total annual volatility of 0.0225 DOP. From a start-to-finish perspective, comparing the January average rate of 0.1468 to the December average rate of 0.1515, the exchange rate registered a net change of 3.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1606 was down 3.98% compared to the 2019 peak of 0.1673, 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 160,631 DOP
2019 Average 142,697 DOP
Yearly Trough Low 138,082 DOP
Transaction Impact: A difference of 22,549.11 DOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1541
0.1397
JanuMarcMayJulySeptNove

NGN to DOP 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 0.1453, compared to 0.1520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.1453
H2 Avg (Jul–Dec) 0.1520

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0225 DOP (High: 0.1606 / Low: 0.1381). On the other end, July was the most stable month, with a tight range of 0.0017 DOP (High: 0.1512 / Low: 0.1495).

March Spread (Volatile) ±0.0225
July Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0047 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0047

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.1456) against the same month in 2019 (average: 0.1407), the exchange rate shifted by +0.0049 (+3.49%).

2020 Avg (March) 0.1456
2019 Avg (March) 0.1407

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1477 0.1446 0.1468
February 0.1477 0.1456 0.1467
March 0.1606 0.1381 0.1456
April 0.1473 0.1388 0.1409
May 0.1459 0.1395 0.1420
June 0.1511 0.1453 0.1497
July 0.1512 0.1495 0.1507
August 0.1549 0.1508 0.1518
September 0.1536 0.1508 0.1523
October 0.1537 0.1515 0.1529
November 0.1538 0.1480 0.1525
December 0.1531 0.1471 0.1515