2020 NGN to ISK Historical Review

YEARLY HIGH

0.3921 ISK

YEARLY LOW

0.3234 ISK

YEARLY AVERAGE

0.3559 ISK

2020 NGN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 0.3921. Conversely, the yearly low was recorded on December 26, dropping to 0.3234.

This high-to-low spread represents a total annual volatility of 0.0687 ISK. From a start-to-finish perspective, comparing the January average rate of 0.3409 to the December average rate of 0.3319, the exchange rate registered a net change of -2.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.3921 was down 3.82% compared to the 2019 peak of 0.4077, 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 392,125 ISK

2019 Average 340,664 ISK

Yearly Trough Low 323,427 ISK

Transaction Impact: A difference of 68,698.79 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3796

0.3275

JanuMarcMayJulySeptNove

NGN to ISK 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 0.3577, compared to 0.3540 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0036 points.

H1 Avg (Jan–Jun) 0.3577

H2 Avg (Jul–Dec) 0.3540

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0396 ISK (High: 0.3861 / Low: 0.3466). On the other end, August was the most stable month, with a tight range of 0.0108 ISK (High: 0.3600 / Low: 0.3492).

March Spread (Volatile) ±0.0396

August Spread (Stable) ±0.0108

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 November and December, when the average rate fell by 0.0256 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0256

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 0.3753) against the same month in 2019 (average: 0.3346), the exchange rate shifted by +0.0407 (+12.17%).

2020 Avg (April) 0.3753

2019 Avg (April) 0.3346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3447	0.3306	0.3409
February	0.3532	0.3396	0.3475
March	0.3861	0.3466	0.3635
April	0.3921	0.3665	0.3753
May	0.3778	0.3509	0.3685
June	0.3599	0.3390	0.3504
July	0.3636	0.3462	0.3569
August	0.3600	0.3492	0.3549
September	0.3670	0.3514	0.3592
October	0.3708	0.3585	0.3639
November	0.3714	0.3471	0.3575
December	0.3437	0.3234	0.3319