2020 NGN to USD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 NGN to USD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the NGN to USD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.0028. Conversely, the yearly low was recorded on December 26, dropping to 0.0025.
This high-to-low spread represents a total annual volatility of 0.0002 USD. From a start-to-finish perspective, comparing the January average rate of 0.0028 to the December average rate of 0.0026, the exchange rate registered a net change of -5.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 0.0028 was down 15.19% compared to the 2019 peak of 0.0033, 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 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 0.0027, compared to 0.0026 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.0002 USD (High: 0.0027 / Low: 0.0026). On the other end, June was the most stable month, with a tight range of 0.0000 USD (High: 0.0026 / Low: 0.0026).
Growth Streaks & Declines
TrendsBetween 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 0.0001 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2020: 0.0028) against the same month in 2019 (average: 0.0028), the exchange rate shifted by +0.0000 (+0.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0028 | 0.0027 | 0.0028 |
| February | 0.0028 | 0.0027 | 0.0027 |
| March | 0.0027 | 0.0026 | 0.0027 |
| April | 0.0027 | 0.0026 | 0.0026 |
| May | 0.0026 | 0.0026 | 0.0026 |
| June | 0.0026 | 0.0026 | 0.0026 |
| July | 0.0026 | 0.0026 | 0.0026 |
| August | 0.0026 | 0.0026 | 0.0026 |
| September | 0.0026 | 0.0026 | 0.0026 |
| October | 0.0026 | 0.0026 | 0.0026 |
| November | 0.0026 | 0.0026 | 0.0026 |
| December | 0.0026 | 0.0025 | 0.0026 |