YEARLY HIGH
0.0187 TTD
YEARLY LOW
0.0172 TTD
YEARLY AVERAGE
0.0178 TTD

2020 NGN to TTD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to TTD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0187. Conversely, the yearly low was recorded on May 6, dropping to 0.0172.

This high-to-low spread represents a total annual volatility of 0.0015 TTD. From a start-to-finish perspective, comparing the January average rate of 0.0187 to the December average rate of 0.0177, the exchange rate registered a net change of -5.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0187 was down 15.57% compared to the 2019 peak of 0.0222, 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 18,704 TTD
2019 Average 18,824 TTD
Yearly Trough Low 17,161 TTD
Transaction Impact: A difference of 1,543.18 TTD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0188
0.0172
JanuMarcMayJulySeptNove

NGN to TTD 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 0.0180, compared to 0.0177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0180
H2 Avg (Jul–Dec) 0.0177

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0013 TTD (High: 0.0186 / Low: 0.0173). On the other end, July was the most stable month, with a tight range of 0.0001 TTD (High: 0.0175 / Low: 0.0174).

March Spread (Volatile) ±0.0013
July Spread (Stable) ±0.0001

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 0.0007 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 0.0187) against the same month in 2019 (average: 0.0187), the exchange rate shifted by -0.0000 (-0.02%).

2020 Avg (January) 0.0187
2019 Avg (January) 0.0187

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0187 0.0186 0.0187
February 0.0187 0.0185 0.0186
March 0.0186 0.0173 0.0182
April 0.0184 0.0173 0.0176
May 0.0176 0.0172 0.0174
June 0.0175 0.0174 0.0174
July 0.0175 0.0174 0.0174
August 0.0179 0.0174 0.0176
September 0.0179 0.0175 0.0177
October 0.0179 0.0175 0.0178
November 0.0179 0.0176 0.0178
December 0.0179 0.0172 0.0177