2020 NGN to MVR Historical Review

YEARLY HIGH

0.0428 MVR

YEARLY LOW

0.0390 MVR

YEARLY AVERAGE

0.0406 MVR

2020 NGN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0428. Conversely, the yearly low was recorded on December 26, dropping to 0.0390.

This high-to-low spread represents a total annual volatility of 0.0038 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0427 to the December average rate of 0.0402, the exchange rate registered a net change of -5.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0428 was down 15.33% compared to the 2019 peak of 0.0505, 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 42,790 MVR

2019 Average 42,921 MVR

Yearly Trough Low 39,020 MVR

Transaction Impact: A difference of 3,769.86 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0430

0.0394

JanuMarcMayJulySeptNove

NGN to MVR 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 0.0411, compared to 0.0401 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0411

H2 Avg (Jul–Dec) 0.0401

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0032 MVR (High: 0.0425 / Low: 0.0393). On the other end, July was the most stable month, with a tight range of 0.0003 MVR (High: 0.0398 / Low: 0.0396).

March Spread (Volatile) ±0.0032

July Spread (Stable) ±0.0003

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 0.0016 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.0427) against the same month in 2019 (average: 0.0426), the exchange rate shifted by +0.0001 (+0.12%).

2020 Avg (January) 0.0427

2019 Avg (January) 0.0426

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0428	0.0422	0.0427
February	0.0427	0.0422	0.0424
March	0.0425	0.0393	0.0417
April	0.0420	0.0396	0.0401
May	0.0401	0.0396	0.0398
June	0.0400	0.0397	0.0399
July	0.0398	0.0396	0.0397
August	0.0407	0.0397	0.0400
September	0.0405	0.0398	0.0402
October	0.0405	0.0399	0.0403
November	0.0406	0.0401	0.0403
December	0.0406	0.0390	0.0402