2020 NGN to VEF Historical Review

YEARLY HIGH

687.7563 VEF

YEARLY LOW

629.1985 VEF

YEARLY AVERAGE

653.9161 VEF

2020 NGN to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 687.7563. Conversely, the yearly low was recorded on December 26, dropping to 629.1985.

This high-to-low spread represents a total annual volatility of 58.5578 VEF. From a start-to-finish perspective, comparing the January average rate of 685.9323 to the December average rate of 647.3944, 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 687.7563 was down 15.19% compared to the 2019 peak of 810.9645, 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 687,756,272 VEF

2019 Average 690,596,422 VEF

Yearly Trough Low 629,198,457 VEF

Transaction Impact: A difference of 58,557,814.52 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

690.6676

633.8435

JanuMarcMayJulySeptNove

NGN to VEF 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 660.7996, compared to 647.0326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.7669 points.

H1 Avg (Jan–Jun) 660.7996

H2 Avg (Jul–Dec) 647.0326

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 47.6701 VEF (High: 682.4279 / Low: 634.7578). On the other end, June was the most stable month, with a tight range of 3.1314 VEF (High: 643.5634 / Low: 640.4321).

March Spread (Volatile) ±47.6701

June Spread (Stable) ±3.1314

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 24.7726 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -24.7726

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 685.9323) against the same month in 2019 (average: 683.7958), the exchange rate shifted by +2.1365 (+0.31%).

2020 Avg (January) 685.9323

2019 Avg (January) 683.7958

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	687.7563	678.7125	685.9323
February	686.4300	679.1695	682.6032
March	682.4279	634.7578	670.5339
April	677.0780	637.1478	645.7612
May	643.0553	636.2173	638.5788
June	643.5634	640.4321	641.3880
July	642.5627	638.7198	641.0496
August	656.5063	640.1351	645.1101
September	653.0556	641.2706	647.6736
October	653.0556	643.8955	650.4371
November	653.9148	646.7092	650.5310
December	654.7764	629.1985	647.3944