YEARLY HIGH
0.0548 EGP
YEARLY LOW
0.0441 EGP
YEARLY AVERAGE
0.0467 EGP

2019 NGN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 0.0548. Conversely, the yearly low was recorded on December 17, dropping to 0.0441.

This high-to-low spread represents a total annual volatility of 0.0106 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0492 to the December average rate of 0.0444, the exchange rate registered a net change of -9.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0548 was up 9.68% compared to the 2018 peak of 0.0499, 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 54,754 EGP
2018 Average 49,287 EGP
Yearly Trough Low 44,105 EGP
Transaction Impact: A difference of 10,649.30 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0497
0.0439
JanuMarcMayJulySeptNove

NGN to EGP 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 0.0483, compared to 0.0452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0030 points.

H1 Avg (Jan–Jun) 0.0483
H2 Avg (Jul–Dec) 0.0452

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0085 EGP (High: 0.0540 / Low: 0.0455). On the other end, November was the most stable month, with a tight range of 0.0003 EGP (High: 0.0447 / Low: 0.0444).

August Spread (Volatile) ±0.0085
November Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0023 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2019: 0.0483) against the same month in 2018 (average: 0.0496), the exchange rate shifted by -0.0013 (-2.52%).

2019 Avg (June) 0.0483
2018 Avg (June) 0.0496

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0495 0.0487 0.0492
February 0.0490 0.0483 0.0486
March 0.0486 0.0479 0.0482
April 0.0482 0.0476 0.0479
May 0.0478 0.0464 0.0472
June 0.0548 0.0463 0.0483
July 0.0462 0.0458 0.0461
August 0.0540 0.0455 0.0462
September 0.0460 0.0449 0.0453
October 0.0452 0.0445 0.0449
November 0.0447 0.0444 0.0445
December 0.0446 0.0441 0.0444