YEARLY HIGH
0.2350 INR
YEARLY LOW
0.1897 INR
YEARLY AVERAGE
0.1957 INR

2019 NGN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 0.2350. Conversely, the yearly low was recorded on July 10, dropping to 0.1897.

This high-to-low spread represents a total annual volatility of 0.0453 INR. From a start-to-finish perspective, comparing the January average rate of 0.1944 to the December average rate of 0.1963, the exchange rate registered a net change of 0.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.2350 was up 14.90% compared to the 2018 peak of 0.2045, 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 235,014 INR
2018 Average 189,322 INR
Yearly Trough Low 189,674 INR
Transaction Impact: A difference of 45,339.20 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.2016
0.1897
JanuMarcMayJulySeptNove

NGN to INR 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 0.1953, compared to 0.1961 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.1953
H2 Avg (Jul–Dec) 0.1961

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.0425 INR (High: 0.2350 / Low: 0.1925). On the other end, July was the most stable month, with a tight range of 0.0024 INR (High: 0.1921 / Low: 0.1897).

August Spread (Volatile) ±0.0425
July Spread (Stable) ±0.0024

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 0.0099 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.1986) against the same month in 2018 (average: 0.1926), the exchange rate shifted by +0.0060 (+3.11%).

2019 Avg (August) 0.1986
2018 Avg (August) 0.1926

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1974 0.1908 0.1944
February 0.1986 0.1951 0.1970
March 0.1964 0.1900 0.1932
April 0.1948 0.1913 0.1928
May 0.1959 0.1920 0.1937
June 0.2269 0.1915 0.2006
July 0.1921 0.1897 0.1907
August 0.2350 0.1925 0.1986
September 0.1997 0.1943 0.1973
October 0.1974 0.1950 0.1963
November 0.1992 0.1948 0.1973
December 0.1981 0.1947 0.1963