2020 NGN to SGD Historical Review

YEARLY HIGH

0.0040 SGD

YEARLY LOW

0.0034 SGD

YEARLY AVERAGE

0.0036 SGD

2020 NGN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 0.0040. Conversely, the yearly low was recorded on December 26, dropping to 0.0034.

This high-to-low spread represents a total annual volatility of 0.0006 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0037 to the December average rate of 0.0035, the exchange rate registered a net change of -6.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0040 was down 12.15% compared to the 2019 peak of 0.0045, 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 3,981 SGD

2019 Average 3,791 SGD

Yearly Trough Low 3,365 SGD

Transaction Impact: A difference of 615.94 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0039

0.0034

JanuMarcMayJulySeptNove

NGN to SGD 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 0.0037, compared to 0.0035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0037

H2 Avg (Jul–Dec) 0.0035

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0003 SGD (High: 0.0040 / Low: 0.0036). On the other end, June was the most stable month, with a tight range of 0.0001 SGD (High: 0.0036 / Low: 0.0036).

March Spread (Volatile) ±0.0003

June Spread (Stable) ±0.0001

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 March and April, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0038) against the same month in 2019 (average: 0.0038), the exchange rate shifted by +0.0001 (+1.65%).

2020 Avg (March) 0.0038

2019 Avg (March) 0.0038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0038	0.0037	0.0037
February	0.0039	0.0038	0.0038
March	0.0040	0.0036	0.0038
April	0.0039	0.0036	0.0037
May	0.0037	0.0036	0.0036
June	0.0036	0.0036	0.0036
July	0.0036	0.0035	0.0036
August	0.0036	0.0035	0.0036
September	0.0036	0.0035	0.0036
October	0.0036	0.0035	0.0036
November	0.0036	0.0035	0.0035
December	0.0035	0.0034	0.0035