2019 NGN to IRR Historical Review

YEARLY HIGH

139.4042 IRR

YEARLY LOW

115.5144 IRR

YEARLY AVERAGE

117.1617 IRR

2019 NGN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 139.4042. Conversely, the yearly low was recorded on January 5, dropping to 115.5144.

This high-to-low spread represents a total annual volatility of 23.8898 IRR. From a start-to-finish perspective, comparing the January average rate of 116.4249 to the December average rate of 116.1180, the exchange rate registered a net change of -0.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 139.4042 was up 14.42% compared to the 2018 peak of 121.8345, 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 139,404,184 IRR

2018 Average 112,623,355 IRR

Yearly Trough Low 115,514,403 IRR

Transaction Impact: A difference of 23,889,780.53 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

122.6353

115.5256

JanuMarcMayJulySeptNove

NGN to IRR 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 117.7302, compared to 116.5932 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1370 points.

H1 Avg (Jan–Jun) 117.7302

H2 Avg (Jul–Dec) 116.5932

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 22.6897 IRR (High: 139.4042 / Low: 116.7145). On the other end, November was the most stable month, with a tight range of 0.4653 IRR (High: 116.4730 / Low: 116.0077).

June Spread (Volatile) ±22.6897

November Spread (Stable) ±0.4653

Growth Streaks & Declines

Trends

Between January and April, 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 5.2308 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -5.2308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2019: 122.0428) against the same month in 2018 (average: 117.5826), the exchange rate shifted by +4.4603 (+3.79%).

2019 Avg (June) 122.0428

2018 Avg (June) 117.5826

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	117.6094	115.5144	116.4249
February	117.8090	116.0224	116.5210
March	118.5514	116.3990	117.1061
April	118.7485	116.4970	117.2235
May	118.5851	116.4201	117.0631
June	139.4042	116.7145	122.0428
July	117.1210	116.2348	116.8121
August	137.3960	115.7265	117.4932
September	117.8744	115.9917	116.4957
October	116.6761	115.9327	116.3913
November	116.4730	116.0077	116.2493
December	116.4730	115.8547	116.1180