2020 NGN to JMD Historical Review

YEARLY HIGH

0.3921 JMD

YEARLY LOW

0.3446 JMD

YEARLY AVERAGE

0.3734 JMD

2020 NGN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 7, valuing the pair at 0.3921. Conversely, the yearly low was recorded on April 1, dropping to 0.3446.

This high-to-low spread represents a total annual volatility of 0.0475 JMD. From a start-to-finish perspective, comparing the January average rate of 0.3715 to the December average rate of 0.3745, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.3921 was down 11.46% compared to the 2019 peak of 0.4429, 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 392,121 JMD

2019 Average 371,133 JMD

Yearly Trough Low 344,598 JMD

Transaction Impact: A difference of 47,522.75 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3899

0.3545

JanuMarcMayJulySeptNove

NGN to JMD 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 0.3687, compared to 0.3781 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0094 points.

H1 Avg (Jan–Jun) 0.3687

H2 Avg (Jul–Dec) 0.3781

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0290 JMD (High: 0.3754 / Low: 0.3463). On the other end, June was the most stable month, with a tight range of 0.0095 JMD (High: 0.3691 / Low: 0.3596).

March Spread (Volatile) ±0.0290

June Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between June and August, 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 February and March, when the average rate fell by 0.0193 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0193

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2020: 0.3869) against the same month in 2019 (average: 0.3766), the exchange rate shifted by +0.0103 (+2.74%).

2020 Avg (August) 0.3869

2019 Avg (August) 0.3766

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3854	0.3610	0.3715
February	0.3892	0.3754	0.3842
March	0.3754	0.3463	0.3648
April	0.3693	0.3446	0.3574
May	0.3790	0.3612	0.3708
June	0.3691	0.3596	0.3633
July	0.3805	0.3585	0.3693
August	0.3921	0.3791	0.3869
September	0.3846	0.3661	0.3749
October	0.3838	0.3694	0.3781
November	0.3893	0.3783	0.3847
December	0.3845	0.3616	0.3745