2019 NGN to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NGN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NGN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 30.1681. Conversely, the yearly low was recorded on August 25, dropping to 24.9313.
This high-to-low spread represents a total annual volatility of 5.2368 GNF. From a start-to-finish perspective, comparing the January average rate of 25.2097 to the December average rate of 26.1417, the exchange rate registered a net change of 3.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 30.1681 was up 19.10% compared to the 2018 peak of 25.3306, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
NGN to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 25.6027, compared to 25.7007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0980 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was August, with a trading range of 5.1099 GNF (High: 30.0412 / Low: 24.9313). On the other end, October was the most stable month, with a tight range of 0.2214 GNF (High: 25.6680 / Low: 25.4466).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.0016 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2019: 26.5431) against the same month in 2018 (average: 25.0733), the exchange rate shifted by +1.4699 (+5.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.4043 | 24.9635 | 25.2097 |
| February | 25.5402 | 25.1893 | 25.3795 |
| March | 25.7103 | 25.2688 | 25.4977 |
| April | 25.6250 | 25.3431 | 25.4835 |
| May | 25.7100 | 25.3389 | 25.5026 |
| June | 30.1681 | 25.3342 | 26.5431 |
| July | 25.6606 | 25.2303 | 25.5416 |
| August | 30.0412 | 24.9313 | 25.6647 |
| September | 25.7020 | 25.3106 | 25.4993 |
| October | 25.6680 | 25.4466 | 25.5480 |
| November | 26.2825 | 24.9485 | 25.8090 |
| December | 26.3366 | 25.9255 | 26.1417 |