2020 NGN to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NGN to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NGN to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 53.9151. Conversely, the yearly low was recorded on December 26, dropping to 1.0230.
This high-to-low spread represents a total annual volatility of 52.8922 KMF. From a start-to-finish perspective, comparing the January average rate of 1.2243 to the December average rate of 2.7589, the exchange rate registered a net change of 125.35% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 53.9151 was down 12.93% compared to the 2019 peak of 61.9192, 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 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 1.1891, compared to 1.3705 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1814 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was December, with a trading range of 52.8922 KMF (High: 53.9151 / Low: 1.0230). On the other end, October was the most stable month, with a tight range of 0.0253 KMF (High: 1.1081 / Low: 1.0829).
Growth Streaks & Declines
TrendsBetween August and October, 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 0.0345 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 2.7589) against the same month in 2019 (average: 1.2230), the exchange rate shifted by +1.5359 (+125.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.2346 | 1.1987 | 1.2243 |
| February | 1.2524 | 1.2239 | 1.2391 |
| March | 1.2563 | 1.1435 | 1.2046 |
| April | 1.2411 | 1.1510 | 1.1780 |
| May | 1.1744 | 1.1450 | 1.1600 |
| June | 1.1429 | 1.1163 | 1.1284 |
| July | 1.1305 | 1.0773 | 1.1101 |
| August | 1.1096 | 1.0658 | 1.0793 |
| September | 1.1139 | 1.0687 | 1.0895 |
| October | 1.1081 | 1.0829 | 1.0959 |
| November | 1.1082 | 1.0756 | 1.0891 |
| December | 53.9151 | 1.0230 | 2.7589 |