2019 NGN to ETB Historical Review

YEARLY HIGH

0.0954 ETB

YEARLY LOW

0.0770 ETB

YEARLY AVERAGE

0.0812 ETB

2019 NGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.0954. Conversely, the yearly low was recorded on January 9, dropping to 0.0770.

This high-to-low spread represents a total annual volatility of 0.0184 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0780 to the December average rate of 0.0868, the exchange rate registered a net change of 11.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0954 was up 22.10% compared to the 2018 peak of 0.0782, 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 95,431 ETB

2018 Average 76,582 ETB

Yearly Trough Low 77,017 ETB

Transaction Impact: A difference of 18,414.57 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0877

0.0772

JanuMarcMayJulySeptNove

NGN to ETB 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 0.0800, compared to 0.0824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0800

H2 Avg (Jul–Dec) 0.0824

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0160 ETB (High: 0.0954 / Low: 0.0794). On the other end, February was the most stable month, with a tight range of 0.0009 ETB (High: 0.0791 / Low: 0.0782).

August Spread (Volatile) ±0.0160

February Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0033 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.0814) against the same month in 2018 (average: 0.0766), the exchange rate shifted by +0.0048 (+6.31%).

2019 Avg (August) 0.0814

2018 Avg (August) 0.0766

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0788	0.0770	0.0780
February	0.0791	0.0782	0.0788
March	0.0798	0.0785	0.0793
April	0.0806	0.0794	0.0800
May	0.0808	0.0796	0.0802
June	0.0950	0.0796	0.0837
July	0.0808	0.0793	0.0804
August	0.0954	0.0794	0.0814
September	0.0818	0.0804	0.0813
October	0.0824	0.0807	0.0817
November	0.0845	0.0813	0.0826
December	0.0880	0.0839	0.0868