2020 NGN to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NGN to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NGN to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 3.4319. Conversely, the yearly low was recorded on December 26, dropping to 2.7856.
This high-to-low spread represents a total annual volatility of 0.6463 KRW. From a start-to-finish perspective, comparing the January average rate of 3.2189 to the December average rate of 2.8508, the exchange rate registered a net change of -11.44% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 3.4319 was down 13.21% compared to the 2019 peak of 3.9543, 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 KRW 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 3.2058, compared to 3.0019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2039 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.3214 KRW (High: 3.4319 / Low: 3.1105). On the other end, July was the most stable month, with a tight range of 0.0469 KRW (High: 3.1133 / Low: 3.0665).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1041 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 3.2816) against the same month in 2019 (average: 3.1454), the exchange rate shifted by +0.1362 (+4.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.3038 | 3.1547 | 3.2189 |
| February | 3.3525 | 3.2366 | 3.2824 |
| March | 3.4319 | 3.1105 | 3.2816 |
| April | 3.3695 | 3.1080 | 3.1774 |
| May | 3.1949 | 3.1277 | 3.1592 |
| June | 3.1599 | 3.0729 | 3.1153 |
| July | 3.1133 | 3.0665 | 3.0936 |
| August | 3.1418 | 3.0470 | 3.0823 |
| September | 3.1181 | 3.0213 | 3.0701 |
| October | 3.0493 | 2.9558 | 2.9953 |
| November | 2.9874 | 2.8873 | 2.9192 |
| December | 2.9130 | 2.7856 | 2.8508 |