2019 NGN to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 NGN to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the NGN to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 61.9192. Conversely, the yearly low was recorded on January 12, dropping to 1.1707.
This high-to-low spread represents a total annual volatility of 60.7486 KMF. From a start-to-finish perspective, comparing the January average rate of 1.1873 to the December average rate of 1.2230, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 61.9192 was up 2.91% compared to the 2018 peak of 60.1658, 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 2019.
NGN to KMF 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 1.2159, compared to 1.5549 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3390 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was July, with a trading range of 60.7202 KMF (High: 61.9192 / Low: 1.1991). On the other end, May was the most stable month, with a tight range of 0.0133 KMF (High: 1.2289 / Low: 1.2156).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.9449 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2019: 3.1760) against the same month in 2018 (average: 1.1681), the exchange rate shifted by +2.0079 (+171.89%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.1982 | 1.1707 | 1.1873 |
| February | 1.2086 | 1.1908 | 1.2003 |
| March | 1.2204 | 1.1979 | 1.2096 |
| April | 1.2309 | 1.2067 | 1.2171 |
| May | 1.2289 | 1.2156 | 1.2218 |
| June | 1.4277 | 1.2003 | 1.2595 |
| July | 61.9192 | 1.1991 | 3.1760 |
| August | 1.4464 | 1.2084 | 1.2311 |
| September | 1.2479 | 1.2268 | 1.2376 |
| October | 1.2445 | 1.2201 | 1.2313 |
| November | 1.2362 | 1.2220 | 1.2303 |
| December | 1.2348 | 1.2078 | 1.2230 |