2020 NGN to GBP Historical Review

YEARLY HIGH

0.0024 GBP

YEARLY LOW

0.0019 GBP

YEARLY AVERAGE

0.0021 GBP

2020 NGN to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0024. Conversely, the yearly low was recorded on December 26, dropping to 0.0019.

This high-to-low spread represents a total annual volatility of 0.0005 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0021 to the December average rate of 0.0019, the exchange rate registered a net change of -8.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0024 was down 11.07% compared to the 2019 peak of 0.0027, 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 2,374 GBP

2019 Average 2,178 GBP

Yearly Trough Low 1,865 GBP

Transaction Impact: A difference of 509.62 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0022

0.0019

JanuMarcMayJulySeptNove

NGN to GBP 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 0.0021, compared to 0.0020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0021

H2 Avg (Jul–Dec) 0.0020

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0003 GBP (High: 0.0024 / Low: 0.0021). On the other end, October was the most stable month, with a tight range of 0.0000 GBP (High: 0.0020 / Low: 0.0020).

March Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, 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: 0.0022) against the same month in 2019 (average: 0.0021), the exchange rate shifted by +0.0001 (+3.57%).

2020 Avg (March) 0.0022

2019 Avg (March) 0.0021

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0021	0.0021	0.0021
February	0.0021	0.0021	0.0021
March	0.0024	0.0021	0.0022
April	0.0022	0.0020	0.0021
May	0.0021	0.0021	0.0021
June	0.0021	0.0020	0.0021
July	0.0021	0.0020	0.0020
August	0.0020	0.0019	0.0020
September	0.0021	0.0019	0.0020
October	0.0020	0.0020	0.0020
November	0.0020	0.0020	0.0020
December	0.0020	0.0019	0.0019