2020 NGN to MZN Historical Review

YEARLY HIGH

0.1971 MZN

YEARLY LOW

0.1679 MZN

YEARLY AVERAGE

0.1825 MZN

2020 NGN to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.1971. Conversely, the yearly low was recorded on January 1, dropping to 0.1679.

This high-to-low spread represents a total annual volatility of 0.0292 MZN. From a start-to-finish perspective, comparing the January average rate of 0.1727 to the December average rate of 0.1941, the exchange rate registered a net change of 12.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1971 was down 2.99% compared to the 2019 peak of 0.2032, 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 197,105 MZN

2019 Average 173,851 MZN

Yearly Trough Low 167,949 MZN

Transaction Impact: A difference of 29,156.54 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1962

0.1705

JanuMarcMayJulySeptNove

NGN to MZN 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 0.1765, compared to 0.1885 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 0.1765

H2 Avg (Jul–Dec) 0.1885

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0123 MZN (High: 0.1827 / Low: 0.1704). On the other end, July was the most stable month, with a tight range of 0.0021 MZN (High: 0.1829 / Low: 0.1808).

March Spread (Volatile) ±0.0123

July Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0035 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.1941) against the same month in 2019 (average: 0.1741), the exchange rate shifted by +0.0200 (+11.48%).

2020 Avg (December) 0.1941

2019 Avg (December) 0.1741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1761	0.1679	0.1727
February	0.1791	0.1750	0.1770
March	0.1827	0.1704	0.1782
April	0.1828	0.1717	0.1747
May	0.1793	0.1739	0.1761
June	0.1815	0.1790	0.1801
July	0.1829	0.1808	0.1817
August	0.1874	0.1825	0.1848
September	0.1895	0.1853	0.1875
October	0.1922	0.1879	0.1904
November	0.1949	0.1904	0.1929
December	0.1971	0.1893	0.1941