2020 NGN to TOP Historical Review

YEARLY HIGH

0.0065 TOP

YEARLY LOW

0.0058 TOP

YEARLY AVERAGE

0.0061 TOP

2020 NGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 0.0065. Conversely, the yearly low was recorded on December 26, dropping to 0.0058.

This high-to-low spread represents a total annual volatility of 0.0008 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0063 to the December average rate of 0.0060, the exchange rate registered a net change of -6.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0065 was down 13.70% compared to the 2019 peak of 0.0076, 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 6,535 TOP

2019 Average 6,366 TOP

Yearly Trough Low 5,783 TOP

Transaction Impact: A difference of 752.07 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0064

0.0058

JanuMarcMayJulySeptNove

NGN to TOP 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 0.0062, compared to 0.0060 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) 0.0062

H2 Avg (Jul–Dec) 0.0060

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0006 TOP (High: 0.0065 / Low: 0.0060). On the other end, February was the most stable month, with a tight range of 0.0001 TOP (High: 0.0064 / Low: 0.0063).

March Spread (Volatile) ±0.0006

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between June and October, 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 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.0063) against the same month in 2019 (average: 0.0063), the exchange rate shifted by +0.0001 (+0.88%).

2020 Avg (March) 0.0063

2019 Avg (March) 0.0063

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0064	0.0062	0.0063
February	0.0064	0.0063	0.0064
March	0.0065	0.0060	0.0063
April	0.0064	0.0059	0.0061
May	0.0060	0.0059	0.0059
June	0.0059	0.0058	0.0059
July	0.0059	0.0058	0.0059
August	0.0060	0.0059	0.0059
September	0.0061	0.0058	0.0060
October	0.0061	0.0060	0.0061
November	0.0061	0.0060	0.0060
December	0.0060	0.0058	0.0060