2020 NGN to EUR Historical Review

YEARLY HIGH

0.0026 EUR

YEARLY LOW

0.0021 EUR

YEARLY AVERAGE

0.0023 EUR

2020 NGN to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0026. Conversely, the yearly low was recorded on December 26, dropping to 0.0021.

This high-to-low spread represents a total annual volatility of 0.0005 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0025 to the December average rate of 0.0021, the exchange rate registered a net change of -13.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0026 was down 12.90% compared to the 2019 peak of 0.0029, 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 2,561 EUR

2019 Average 2,482 EUR

Yearly Trough Low 2,077 EUR

Transaction Impact: A difference of 483.75 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0026

0.0021

JanuMarcMayJulySeptNove

NGN to EUR 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 0.0024, compared to 0.0022 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0024

H2 Avg (Jul–Dec) 0.0022

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0002 EUR (High: 0.0026 / Low: 0.0023). On the other end, October was the most stable month, with a tight range of 0.0000 EUR (High: 0.0023 / Low: 0.0022).

March Spread (Volatile) ±0.0002

October Spread (Stable) ±0.0000

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 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0024) against the same month in 2019 (average: 0.0025), the exchange rate shifted by -0.0000 (-0.83%).

2020 Avg (March) 0.0024

2019 Avg (March) 0.0025

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0025	0.0024	0.0025
February	0.0025	0.0025	0.0025
March	0.0026	0.0023	0.0024
April	0.0025	0.0023	0.0024
May	0.0024	0.0023	0.0024
June	0.0023	0.0023	0.0023
July	0.0023	0.0022	0.0023
August	0.0022	0.0022	0.0022
September	0.0023	0.0022	0.0022
October	0.0023	0.0022	0.0022
November	0.0023	0.0022	0.0022
December	0.0022	0.0021	0.0021