YEARLY HIGH
46.6194 IDR
YEARLY LOW
38.2103 IDR
YEARLY AVERAGE
39.2872 IDR

2019 NGN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 46.6194. Conversely, the yearly low was recorded on December 31, dropping to 38.2103.

This high-to-low spread represents a total annual volatility of 8.4091 IDR. From a start-to-finish perspective, comparing the January average rate of 38.9426 to the December average rate of 38.5782, the exchange rate registered a net change of -0.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 46.6194 was up 10.46% compared to the 2018 peak of 42.2048, 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 46,619,351 IDR
2018 Average 39,211,230 IDR
Yearly Trough Low 38,210,251 IDR
Transaction Impact: A difference of 8,409,099.21 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

41.3831
38.3233
JanuMarcMayJulySeptNove

NGN to IDR 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 39.5820, compared to 38.9925 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5896 points.

H1 Avg (Jan–Jun) 39.5820
H2 Avg (Jul–Dec) 38.9925

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 7.8938 IDR (High: 46.4819 / Low: 38.5881). On the other end, November was the most stable month, with a tight range of 0.3435 IDR (High: 38.9278 / Low: 38.5843).

August Spread (Volatile) ±7.8938
November Spread (Stable) ±0.3435

Growth Streaks & Declines

Trends

Between April and June, 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 June and July, when the average rate fell by 2.1974 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -2.1974

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2019: 41.1281) against the same month in 2018 (average: 38.8183), the exchange rate shifted by +2.3098 (+5.95%).

2019 Avg (June) 41.1281
2018 Avg (June) 38.8183

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 39.5932 38.4796 38.9426
February 39.2752 38.4870 38.8114
March 39.8608 39.0209 39.4818
April 39.7479 38.9929 39.2568
May 40.2496 39.4012 39.8715
June 46.6194 39.2015 41.1281
July 39.3581 38.4615 38.9306
August 46.4819 38.5881 39.6772
September 39.3692 38.5906 38.9767
October 39.1885 38.6471 38.9909
November 38.9278 38.5843 38.8012
December 39.0180 38.2103 38.5782