2020 NGN to XOF Historical Review

YEARLY HIGH

1.6796 XOF

YEARLY LOW

1.3623 XOF

YEARLY AVERAGE

1.5146 XOF

2020 NGN to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NGN to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 1.6796. Conversely, the yearly low was recorded on December 26, dropping to 1.3623.

This high-to-low spread represents a total annual volatility of 0.3173 XOF. From a start-to-finish perspective, comparing the January average rate of 1.6308 to the December average rate of 1.4040, the exchange rate registered a net change of -13.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.6796 was down 12.90% compared to the 2019 peak of 1.9285, 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 1,679,633 XOF

2019 Average 1,628,107 XOF

Yearly Trough Low 1,362,316 XOF

Transaction Impact: A difference of 317,316.31 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.6753

1.3793

JanuMarcMayJulySeptNove

NGN to XOF 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 1.5826, compared to 1.4467 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1359 points.

H1 Avg (Jan–Jun) 1.5826

H2 Avg (Jul–Dec) 1.4467

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.1612 XOF (High: 1.6796 / Low: 1.5184). On the other end, October was the most stable month, with a tight range of 0.0320 XOF (High: 1.4765 / Low: 1.4445).

March Spread (Volatile) ±0.1612

October Spread (Stable) ±0.0320

Growth Streaks & Declines

Trends

Between August and October, 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 February and March, when the average rate fell by 0.0519 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0519

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 1.5987) against the same month in 2019 (average: 1.6120), the exchange rate shifted by -0.0133 (-0.83%).

2020 Avg (March) 1.5987

2019 Avg (March) 1.6120

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6425	1.5970	1.6308
February	1.6685	1.6274	1.6507
March	1.6796	1.5184	1.5987
April	1.6541	1.5367	1.5686
May	1.5667	1.5179	1.5424
June	1.5233	1.4892	1.5045
July	1.5053	1.4242	1.4771
August	1.4701	1.4206	1.4395
September	1.4822	1.4239	1.4506
October	1.4765	1.4445	1.4591
November	1.4809	1.4337	1.4496
December	1.4270	1.3623	1.4040