2020 NGN to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NGN to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NGN to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 27.2323. Conversely, the yearly low was recorded on March 31, dropping to 19.4217.
This high-to-low spread represents a total annual volatility of 7.8105 SLL. From a start-to-finish perspective, comparing the January average rate of 20.6696 to the December average rate of 26.3868, the exchange rate registered a net change of 27.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 27.2323 was down 11.93% compared to the 2019 peak of 30.9195, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
NGN to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 22.6171, compared to 25.8555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2384 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was April, with a trading range of 5.8751 SLL (High: 25.4054 / Low: 19.5303). On the other end, June was the most stable month, with a tight range of 0.1387 SLL (High: 25.2031 / Low: 25.0644).
Growth Streaks & Declines
TrendsBetween March and November, 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 February and March, when the average rate fell by 0.3060 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2020: 26.3930) against the same month in 2019 (average: 20.5352), the exchange rate shifted by +5.8578 (+28.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.7252 | 20.4526 | 20.6696 |
| February | 20.9347 | 20.5591 | 20.8211 |
| March | 20.8689 | 19.4217 | 20.5150 |
| April | 25.4054 | 19.5303 | 23.4312 |
| May | 25.4906 | 24.8462 | 25.1170 |
| June | 25.2031 | 25.0644 | 25.1487 |
| July | 25.2727 | 25.0689 | 25.1901 |
| August | 25.9612 | 25.2644 | 25.5629 |
| September | 25.9360 | 25.4551 | 25.6958 |
| October | 26.1938 | 25.4202 | 25.9046 |
| November | 27.2323 | 26.0102 | 26.3930 |
| December | 26.7934 | 25.5656 | 26.3868 |