YEARLY HIGH
33.0568 ZMK
YEARLY LOW
28.3493 ZMK
YEARLY AVERAGE
31.8402 ZMK

2014 NGN to ZMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to ZMK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 33.0568. Conversely, the yearly low was recorded on December 23, dropping to 28.3493.

This high-to-low spread represents a total annual volatility of 4.7075 ZMK. From a start-to-finish perspective, comparing the January average rate of 32.7934 to the December average rate of 28.8582, the exchange rate registered a net change of -12.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 33.0568 was down 1.77% compared to the 2013 peak of 33.6514, 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 33,056,754 ZMK
2013 Average 32,859,009 ZMK
Yearly Trough Low 28,349,266 ZMK
Transaction Impact: A difference of 4,707,488.36 ZMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

33.1869
28.4647
JanuMarcMayJulySeptNove

NGN to ZMK 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 32.2924, compared to 31.3880 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9044 points.

H1 Avg (Jan–Jun) 32.2924
H2 Avg (Jul–Dec) 31.3880

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 2.2886 ZMK (High: 31.7163 / Low: 29.4277). On the other end, July was the most stable month, with a tight range of 0.2413 ZMK (High: 32.4684 / Low: 32.2271).

November Spread (Volatile) ±2.2886
July Spread (Stable) ±0.2413

Growth Streaks & Declines

Trends

Between 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 1.7515 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.7515

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 32.4799) against the same month in 2013 (average: 33.0749), the exchange rate shifted by -0.5950 (-1.80%).

2014 Avg (May) 32.4799
2013 Avg (May) 33.0749

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 33.0532 32.2776 32.7934
February 32.3004 31.7384 32.0353
March 32.0132 31.6223 31.8554
April 32.6989 31.8616 32.3839
May 33.0568 32.2251 32.4799
June 32.3482 31.8966 32.2067
July 32.4684 32.2271 32.3689
August 32.6496 32.2762 32.4136
September 32.3802 31.9598 32.1905
October 32.1606 31.6834 31.8872
November 31.7163 29.4277 30.6097
December 29.2540 28.3493 28.8582