2020 NGN to NOK Historical Review

YEARLY HIGH

0.0319 NOK

YEARLY LOW

0.0219 NOK

YEARLY AVERAGE

0.0248 NOK

2020 NGN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 20, valuing the pair at 0.0319. Conversely, the yearly low was recorded on December 26, dropping to 0.0219.

This high-to-low spread represents a total annual volatility of 0.0100 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0247 to the December average rate of 0.0227, the exchange rate registered a net change of -8.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0319 was up 8.65% compared to the 2019 peak of 0.0294, 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 31,923 NOK

2019 Average 24,454 NOK

Yearly Trough Low 21,903 NOK

Transaction Impact: A difference of 10,020.58 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0282

0.0222

JanuMarcMayJulySeptNove

NGN to NOK 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 0.0259, compared to 0.0236 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0259

H2 Avg (Jul–Dec) 0.0236

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0066 NOK (High: 0.0319 / Low: 0.0253). On the other end, February was the most stable month, with a tight range of 0.0005 NOK (High: 0.0258 / Low: 0.0253).

March Spread (Volatile) ±0.0066

February Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.0013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0277) against the same month in 2019 (average: 0.0239), the exchange rate shifted by +0.0038 (+16.08%).

2020 Avg (March) 0.0277

2019 Avg (March) 0.0239

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0254	0.0240	0.0247
February	0.0258	0.0253	0.0255
March	0.0319	0.0253	0.0277
April	0.0287	0.0263	0.0271
May	0.0269	0.0251	0.0259
June	0.0251	0.0239	0.0246
July	0.0246	0.0233	0.0240
August	0.0239	0.0227	0.0232
September	0.0251	0.0226	0.0239
October	0.0250	0.0238	0.0243
November	0.0252	0.0232	0.0238
December	0.0232	0.0219	0.0227