2013 NGN to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2013.
2013 NGN to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2013
During 2013, the NGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 14.5118. Conversely, the yearly low was recorded on August 29, dropping to 13.3962.
This high-to-low spread represents a total annual volatility of 1.1157 MGA. From a start-to-finish perspective, comparing the January average rate of 14.2612 to the December average rate of 14.1586, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2013 high of 14.5118 was up 0.17% compared to the 2012 peak of 14.4868, 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 2013.
NGN to MGA 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 13.9557, compared to 13.8491 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1066 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2013 was January, with a trading range of 0.5605 MGA (High: 14.5118 / Low: 13.9514). On the other end, February was the most stable month, with a tight range of 0.1799 MGA (High: 14.0625 / Low: 13.8826).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2806 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2013: 14.2612) against the same month in 2012 (average: 13.7644), the exchange rate shifted by +0.4968 (+3.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.5118 | 13.9514 | 14.2612 |
| February | 14.0625 | 13.8826 | 13.9806 |
| March | 14.2148 | 13.9511 | 14.0454 |
| April | 14.2471 | 13.6982 | 13.9227 |
| May | 13.9933 | 13.7271 | 13.8968 |
| June | 13.9227 | 13.4177 | 13.6276 |
| July | 13.7646 | 13.5478 | 13.6647 |
| August | 13.7628 | 13.3962 | 13.5814 |
| September | 14.0038 | 13.4629 | 13.6712 |
| October | 14.1087 | 13.7954 | 13.9208 |
| November | 14.2686 | 13.7880 | 14.0979 |
| December | 14.2457 | 13.9561 | 14.1586 |