2020 NGN to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NGN to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 170.8116. Conversely, the yearly low was recorded on December 26, dropping to 106.6146.
This high-to-low spread represents a total annual volatility of 64.1971 IRR. From a start-to-finish perspective, comparing the January average rate of 116.2309 to the December average rate of 109.7002, the exchange rate registered a net change of -5.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 170.8116 was up 22.53% compared to the 2019 peak of 139.4042, 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 2020.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 111.9844, compared to 109.9743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0101 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was July, with a trading range of 62.5837 IRR (High: 170.8116 / Low: 108.2279). On the other end, June was the most stable month, with a tight range of 0.5306 IRR (High: 109.0486 / Low: 108.5180).
Growth Streaks & Declines
TrendsBetween August and November, 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 March and April, when the average rate fell by 4.2338 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2020: 110.6409) against the same month in 2019 (average: 116.8121), the exchange rate shifted by -6.1712 (-5.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 116.5369 | 115.0045 | 116.2309 |
| February | 116.4109 | 115.0819 | 115.6734 |
| March | 115.6332 | 107.5566 | 113.6545 |
| April | 114.7275 | 107.9615 | 109.4207 |
| May | 108.9625 | 107.8009 | 108.2307 |
| June | 109.0486 | 108.5180 | 108.6963 |
| July | 170.8116 | 108.2279 | 110.6409 |
| August | 111.2417 | 108.4677 | 109.3089 |
| September | 110.6570 | 108.6601 | 109.7448 |
| October | 110.6570 | 109.1049 | 110.2133 |
| November | 110.8026 | 109.5817 | 110.2378 |
| December | 110.9486 | 106.6146 | 109.7002 |