YEARLY HIGH
0.0124 RON
YEARLY LOW
0.0101 RON
YEARLY AVERAGE
0.0112 RON

2020 NGN to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0124. Conversely, the yearly low was recorded on December 26, dropping to 0.0101.

This high-to-low spread represents a total annual volatility of 0.0023 RON. From a start-to-finish perspective, comparing the January average rate of 0.0119 to the December average rate of 0.0104, the exchange rate registered a net change of -12.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0124 was down 10.80% compared to the 2019 peak of 0.0139, 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 12,413 RON
2019 Average 11,782 RON
Yearly Trough Low 10,137 RON
Transaction Impact: A difference of 2,275.56 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0122
0.0103
JanuMarcMayJulySeptNove

NGN to RON 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 0.0116, compared to 0.0107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0116
H2 Avg (Jul–Dec) 0.0107

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0012 RON (High: 0.0124 / Low: 0.0112). On the other end, October was the most stable month, with a tight range of 0.0002 RON (High: 0.0110 / Low: 0.0107).

March Spread (Volatile) ±0.0012
October Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between August and October, 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 November and December, when the average rate fell by 0.0003 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0118) against the same month in 2019 (average: 0.0117), the exchange rate shifted by +0.0001 (+0.86%).

2020 Avg (March) 0.0118
2019 Avg (March) 0.0117

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0120 0.0116 0.0119
February 0.0122 0.0119 0.0120
March 0.0124 0.0112 0.0118
April 0.0122 0.0113 0.0116
May 0.0116 0.0113 0.0114
June 0.0113 0.0110 0.0111
July 0.0111 0.0105 0.0109
August 0.0108 0.0105 0.0106
September 0.0110 0.0105 0.0107
October 0.0110 0.0107 0.0108
November 0.0110 0.0107 0.0108
December 0.0106 0.0101 0.0104