2014 NGN to USD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 NGN to USD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the NGN to USD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0063. Conversely, the yearly low was recorded on December 23, dropping to 0.0054.
This high-to-low spread represents a total annual volatility of 0.0009 USD. From a start-to-finish perspective, comparing the January average rate of 0.0062 to the December average rate of 0.0055, the exchange rate registered a net change of -12.04% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 0.0063 was down 2.06% compared to the 2013 peak of 0.0064, 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 2014.
NGN to USD 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 0.0061, 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.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was November, with a trading range of 0.0004 USD (High: 0.0060 / Low: 0.0056). On the other end, March was the most stable month, with a tight range of 0.0000 USD (High: 0.0061 / Low: 0.0061).
Growth Streaks & Declines
TrendsBetween March and May, 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 November and December, when the average rate fell by 0.0003 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2014: 0.0062) against the same month in 2013 (average: 0.0064), the exchange rate shifted by -0.0001 (-2.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0063 | 0.0061 | 0.0062 |
| February | 0.0062 | 0.0060 | 0.0061 |
| March | 0.0061 | 0.0061 | 0.0061 |
| April | 0.0062 | 0.0061 | 0.0062 |
| May | 0.0063 | 0.0061 | 0.0062 |
| June | 0.0062 | 0.0061 | 0.0061 |
| July | 0.0062 | 0.0061 | 0.0062 |
| August | 0.0062 | 0.0061 | 0.0062 |
| September | 0.0062 | 0.0061 | 0.0061 |
| October | 0.0061 | 0.0060 | 0.0061 |
| November | 0.0060 | 0.0056 | 0.0058 |
| December | 0.0056 | 0.0054 | 0.0055 |