YEARLY HIGH
0.1519 SDG
YEARLY LOW
0.1233 SDG
YEARLY AVERAGE
0.1424 SDG

2020 NGN to SDG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 0.1519. Conversely, the yearly low was recorded on January 1, dropping to 0.1233.

This high-to-low spread represents a total annual volatility of 0.0286 SDG. From a start-to-finish perspective, comparing the January average rate of 0.1251 to the December average rate of 0.1440, the exchange rate registered a net change of 15.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.1519 was up 2.98% compared to the 2019 peak of 0.1475, 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 151,872 SDG
2019 Average 127,584 SDG
Yearly Trough Low 123,322 SDG
Transaction Impact: A difference of 28,550.28 SDG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.1515
0.1227
JanuMarcMayJulySeptNove

NGN to SDG 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 0.1408, compared to 0.1440 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.1408
H2 Avg (Jul–Dec) 0.1440

Volatility Range Comparison

Volatility

The most volatile month in 2020 was February, with a trading range of 0.0151 SDG (High: 0.1497 / Low: 0.1346). On the other end, June was the most stable month, with a tight range of 0.0008 SDG (High: 0.1432 / Low: 0.1424).

February Spread (Volatile) ±0.0151
June Spread (Stable) ±0.0008

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 0.0054 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.1491) against the same month in 2019 (average: 0.1323), the exchange rate shifted by +0.0168 (+12.73%).

2020 Avg (March) 0.1491
2019 Avg (March) 0.1323

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1352 0.1233 0.1251
February 0.1497 0.1346 0.1423
March 0.1519 0.1413 0.1491
April 0.1507 0.1418 0.1437
May 0.1432 0.1416 0.1421
June 0.1432 0.1424 0.1427
July 0.1431 0.1421 0.1427
August 0.1461 0.1425 0.1436
September 0.1453 0.1427 0.1442
October 0.1453 0.1432 0.1447
November 0.1455 0.1439 0.1448
December 0.1457 0.1399 0.1440