2020 NGN to MGA Historical Review

YEARLY HIGH

10.4305 MGA

YEARLY LOW

9.6298 MGA

YEARLY AVERAGE

10.0218 MGA

2020 NGN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 10.4305. Conversely, the yearly low was recorded on March 31, dropping to 9.6298.

This high-to-low spread represents a total annual volatility of 0.8007 MGA. From a start-to-finish perspective, comparing the January average rate of 10.1608 to the December average rate of 9.9473, the exchange rate registered a net change of -2.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 10.4305 was down 13.93% compared to the 2019 peak of 12.1191, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 10,430,481 MGA

2019 Average 10,096,945 MGA

Yearly Trough Low 9,629,826 MGA

Transaction Impact: A difference of 800,654.59 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

10.3141

9.7416

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 9.9754, compared to 10.0682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0928 points.

H1 Avg (Jan–Jun) 9.9754

H2 Avg (Jul–Dec) 10.0682

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.6833 MGA (High: 10.3131 / Low: 9.6298). On the other end, May was the most stable month, with a tight range of 0.1723 MGA (High: 9.8926 / Low: 9.7203).

March Spread (Volatile) ±0.6833

May Spread (Stable) ±0.1723

Growth Streaks & Declines

Trends

Between May and November, 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 November and December, when the average rate fell by 0.3191 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.3191

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2020: 10.2538) against the same month in 2019 (average: 10.1893), the exchange rate shifted by +0.0645 (+0.63%).

2020 Avg (October) 10.2538

2019 Avg (October) 10.1893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.2902	10.0000	10.1608
February	10.2730	10.0138	10.1754
March	10.3131	9.6298	10.0438
April	10.2645	9.6329	9.8069
May	9.8926	9.7203	9.7893
June	9.9932	9.6581	9.8763
July	9.9888	9.7944	9.9172
August	10.1249	9.7944	9.9617
September	10.2157	9.9215	10.0628
October	10.4305	10.1059	10.2538
November	10.4194	9.8712	10.2664
December	10.1750	9.6533	9.9473