2020 NGN to MXN Historical Review

YEARLY HIGH

0.0689 MXN

YEARLY LOW

0.0503 MXN

YEARLY AVERAGE

0.0565 MXN

2020 NGN to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 0.0689. Conversely, the yearly low was recorded on December 26, dropping to 0.0503.

This high-to-low spread represents a total annual volatility of 0.0185 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0519 to the December average rate of 0.0520, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0689 was up 5.68% compared to the 2019 peak of 0.0652, 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 68,872 MXN

2019 Average 53,497 MXN

Yearly Trough Low 50,344 MXN

Transaction Impact: A difference of 18,528.38 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0640

0.0507

JanuMarcMayJulySeptNove

NGN to MXN 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 0.0575, compared to 0.0554 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0575

H2 Avg (Jul–Dec) 0.0554

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0139 MXN (High: 0.0670 / Low: 0.0532). On the other end, January was the most stable month, with a tight range of 0.0009 MXN (High: 0.0524 / Low: 0.0515).

March Spread (Volatile) ±0.0139

January Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 0.0629) against the same month in 2019 (average: 0.0526), the exchange rate shifted by +0.0103 (+19.66%).

2020 Avg (April) 0.0629

2019 Avg (April) 0.0526

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0524	0.0515	0.0519
February	0.0537	0.0509	0.0518
March	0.0670	0.0532	0.0602
April	0.0689	0.0606	0.0629
May	0.0639	0.0569	0.0603
June	0.0595	0.0554	0.0577
July	0.0588	0.0564	0.0578
August	0.0591	0.0561	0.0575
September	0.0587	0.0543	0.0564
October	0.0573	0.0548	0.0556
November	0.0559	0.0523	0.0534
December	0.0529	0.0503	0.0520