2020 NGN to GMD Historical Review

YEARLY HIGH

0.1420 GMD

YEARLY LOW

0.1302 GMD

YEARLY AVERAGE

0.1354 GMD

2020 NGN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 0.1420. Conversely, the yearly low was recorded on March 31, dropping to 0.1302.

This high-to-low spread represents a total annual volatility of 0.0119 GMD. From a start-to-finish perspective, comparing the January average rate of 0.1413 to the December average rate of 0.1348, the exchange rate registered a net change of -4.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1420 was down 13.69% compared to the 2019 peak of 0.1645, 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 142,003 GMD

2019 Average 139,216 GMD

Yearly Trough Low 130,151 GMD

Transaction Impact: A difference of 11,852.25 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1422

0.1310

JanuMarcMayJulySeptNove

NGN to GMD 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 0.1361, compared to 0.1348 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.1361

H2 Avg (Jul–Dec) 0.1348

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0098 GMD (High: 0.1399 / Low: 0.1302). On the other end, June was the most stable month, with a tight range of 0.0009 GMD (High: 0.1338 / Low: 0.1329).

March Spread (Volatile) ±0.0098

June Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between May and November, 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 0.0049 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.1413) against the same month in 2019 (average: 0.1362), the exchange rate shifted by +0.0051 (+3.71%).

2020 Avg (January) 0.1413

2019 Avg (January) 0.1362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1420	0.1400	0.1413
February	0.1412	0.1394	0.1402
March	0.1399	0.1302	0.1374
April	0.1390	0.1308	0.1325
May	0.1331	0.1310	0.1320
June	0.1338	0.1329	0.1332
July	0.1339	0.1330	0.1335
August	0.1370	0.1334	0.1345
September	0.1360	0.1334	0.1349
October	0.1360	0.1341	0.1355
November	0.1363	0.1347	0.1355
December	0.1364	0.1310	0.1348