2020 NGN to MRO Historical Review

YEARLY HIGH

0.9881 MRO

YEARLY LOW

0.9040 MRO

YEARLY AVERAGE

0.9395 MRO

2020 NGN to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.9881. Conversely, the yearly low was recorded on December 26, dropping to 0.9040.

This high-to-low spread represents a total annual volatility of 0.0841 MRO. From a start-to-finish perspective, comparing the January average rate of 0.9855 to the December average rate of 0.9301, the exchange rate registered a net change of -5.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.9881 was down 15.19% compared to the 2019 peak of 1.1651, 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 988,093 MRO

2019 Average 992,174 MRO

Yearly Trough Low 903,964 MRO

Transaction Impact: A difference of 84,129.49 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.9923

0.9106

JanuMarcMayJulySeptNove

NGN to MRO 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 0.9494, compared to 0.9296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0198 points.

H1 Avg (Jan–Jun) 0.9494

H2 Avg (Jul–Dec) 0.9296

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0685 MRO (High: 0.9804 / Low: 0.9120). On the other end, June was the most stable month, with a tight range of 0.0045 MRO (High: 0.9246 / Low: 0.9201).

March Spread (Volatile) ±0.0685

June Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between July and November, 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 March and April, when the average rate fell by 0.0356 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0356

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.9855) against the same month in 2019 (average: 0.9824), the exchange rate shifted by +0.0031 (+0.31%).

2020 Avg (January) 0.9855

2019 Avg (January) 0.9824

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9881	0.9751	0.9855
February	0.9862	0.9758	0.9807
March	0.9804	0.9120	0.9634
April	0.9728	0.9154	0.9278
May	0.9239	0.9140	0.9174
June	0.9246	0.9201	0.9215
July	0.9232	0.9176	0.9210
August	0.9432	0.9197	0.9268
September	0.9382	0.9213	0.9305
October	0.9382	0.9251	0.9345
November	0.9395	0.9291	0.9346
December	0.9407	0.9040	0.9301