2019 NGN to ZAR Historical Review

YEARLY HIGH

0.0500 ZAR

YEARLY LOW

0.0366 ZAR

YEARLY AVERAGE

0.0402 ZAR

2019 NGN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NGN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.0500. Conversely, the yearly low was recorded on January 31, dropping to 0.0366.

This high-to-low spread represents a total annual volatility of 0.0134 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0381 to the December average rate of 0.0397, the exchange rate registered a net change of 4.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.0500 was up 17.24% compared to the 2018 peak of 0.0426, 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 49,997 ZAR

2018 Average 36,662 ZAR

Yearly Trough Low 36,551 ZAR

Transaction Impact: A difference of 13,445.66 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.0428

0.0376

JanuMarcMayJulySeptNove

NGN to ZAR 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 0.0396, compared to 0.0407 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0396

H2 Avg (Jul–Dec) 0.0407

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 0.0099 ZAR (High: 0.0490 / Low: 0.0391). On the other end, November was the most stable month, with a tight range of 0.0011 ZAR (High: 0.0415 / Low: 0.0404).

June Spread (Volatile) ±0.0099

November Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0031 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 0.0424) against the same month in 2018 (average: 0.0389), the exchange rate shifted by +0.0034 (+8.82%).

2019 Avg (August) 0.0424

2018 Avg (August) 0.0389

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0400	0.0366	0.0381
February	0.0391	0.0369	0.0382
March	0.0405	0.0392	0.0400
April	0.0401	0.0386	0.0393
May	0.0411	0.0393	0.0400
June	0.0490	0.0391	0.0421
July	0.0398	0.0385	0.0390
August	0.0500	0.0406	0.0424
September	0.0421	0.0403	0.0411
October	0.0424	0.0403	0.0412
November	0.0415	0.0404	0.0409
December	0.0408	0.0386	0.0397