2020 NGN to TRY Historical Review

YEARLY HIGH

0.0223 TRY

YEARLY LOW

0.0162 TRY

YEARLY AVERAGE

0.0184 TRY

2020 NGN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 6, valuing the pair at 0.0223. Conversely, the yearly low was recorded on January 13, dropping to 0.0162.

This high-to-low spread represents a total annual volatility of 0.0061 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0164 to the December average rate of 0.0201, the exchange rate registered a net change of 22.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0223 was up 17.15% compared to the 2019 peak of 0.0191, 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 22,317 TRY

2019 Average 15,797 TRY

Yearly Trough Low 16,173 TRY

Transaction Impact: A difference of 6,143.35 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0213

0.0159

JanuMarcMayJulySeptNove

NGN to TRY 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 0.0172, compared to 0.0197 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0172

H2 Avg (Jul–Dec) 0.0197

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 0.0026 TRY (High: 0.0223 / Low: 0.0197). On the other end, January was the most stable month, with a tight range of 0.0004 TRY (High: 0.0165 / Low: 0.0162).

November Spread (Volatile) ±0.0026

January Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0008 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2020: 0.0209) against the same month in 2019 (average: 0.0158), the exchange rate shifted by +0.0050 (+31.59%).

2020 Avg (November) 0.0209

2019 Avg (November) 0.0158

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0165	0.0162	0.0164
February	0.0171	0.0164	0.0167
March	0.0179	0.0167	0.0171
April	0.0184	0.0172	0.0178
May	0.0185	0.0172	0.0178
June	0.0177	0.0173	0.0176
July	0.0180	0.0176	0.0177
August	0.0194	0.0180	0.0189
September	0.0204	0.0191	0.0197
October	0.0219	0.0203	0.0208
November	0.0223	0.0197	0.0209
December	0.0207	0.0190	0.0201