NGN to MGA Historical Rates
Analyze long-term market trends and access daily historical data for the NGN/MGA pair.
10-Year NGN to MGA Performance & Macro Timing Review
Analysis of key historical highlights and timing insights over the past decade
Over the last 10 years, the NGN to MGA exchange rate has undergone significant macro fluctuations. The market reached its absolute decade peak on August 27, 2019, when the pair was valued at 12.1191. Conversely, the absolute lowest rate of the decade was recorded on September 30, 2024, dropping to a support floor of 2.7184.
This peak-to-trough range represents a total macro spread of 9.4007 MGA. From a long-term perspective, comparing the decade's oldest annual average of 10.0390 (in 2016) to the newest annual average of 3.1141 (in 2026), the exchange rate registered a net shift of -68.98%.
Analyzing macro structural support, the trading dynamics in the recent 5-year period averaged 5.8808, showing a variance of 3.8233 points compared to the older 5-year average of 9.7041.
Value generated converting a dynamic sum of 1,000,000 NGN over the decade:
10-Year Macro Trend
Monthly average exchange rates over the last decade.
NGN to MGA Macro Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Decade Halves Comparison
Macro ShiftThe average exchange rate in the first 5 years of the decade was 9.7041, compared to 5.8808 in the recent 5 years. This shows that the rate was stronger in the older 5 years by a margin of 3.8233 points.
Annual Volatility Extremes
VolatilityThe most volatile year in the decade was 2019, with a trading range of 5.4098 MGA (High: 12.1191 / Low: 6.7093). Conversely, 2026 was the most stable year, with a range of 0.3029 MGA (High: 3.2768 / Low: 2.9738).
Decade Growth & Declines
Macro TrendsNo sustained consecutive year-over-year average growth streak of 2+ years occurred in the last decade. Conversely, the sharpest year-over-year decline occurred between 2023 and 2024, when the average rate fell by 4.2967 points.
10-Year Historical Baseline
YoY BaselineComparing the decade's oldest annual average (2016: 10.0390) against the newest annual average (2026: 3.1141), the exchange rate shifted by -6.9249 (-68.98%).
Recent 30 Days
Live daily mid-market rates for the past month.
| Date | Exchange Rate |
|---|---|
| 2026-08-01 | 3.1252 |
| 2026-07-31 | 3.1346 |
| 2026-07-30 | 3.1616 |
| 2026-07-29 | 3.1564 |
| 2026-07-28 | 3.1533 |
| 2026-07-27 | 3.1941 |
| 2026-07-26 | 3.2056 |
| 2026-07-25 | 3.1485 |
| 2026-07-24 | 3.1442 |
| 2026-07-23 | 3.1229 |
| 2026-07-22 | 3.1124 |
| 2026-07-21 | 3.1110 |
| 2026-07-20 | 3.0953 |
| 2026-07-19 | 3.0837 |
| 2026-07-18 | 3.0838 |
| 2026-07-17 | 3.0959 |
| 2026-07-16 | 3.0917 |
| 2026-07-15 | 3.0920 |
| 2026-07-14 | 3.0961 |
| 2026-07-13 | 3.0984 |
| 2026-07-12 | 3.1125 |
| 2026-07-11 | 3.1170 |
| 2026-07-10 | 3.1097 |
| 2026-07-09 | 3.0957 |
| 2026-07-08 | 3.0928 |
| 2026-07-07 | 3.1048 |
| 2026-07-06 | 3.1015 |
| 2026-07-05 | 3.0961 |
| 2026-07-04 | 3.0967 |
| 2026-07-03 | 3.0961 |
| 2026-07-02 | 3.0998 |
Browse by Year
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