2019 NOK to NGN Historical Review

YEARLY HIGH

43.1735 NGN

YEARLY LOW

34.0344 NGN

YEARLY AVERAGE

40.9502 NGN

2019 NOK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the NOK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 43.1735. Conversely, the yearly low was recorded on August 26, dropping to 34.0344.

This high-to-low spread represents a total annual volatility of 9.1391 NGN. From a start-to-finish perspective, comparing the January average rate of 42.4947 to the December average rate of 40.2215, the exchange rate registered a net change of -5.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 43.1735 was down 8.36% compared to the 2018 peak of 47.1138, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 215,867 NGN

2018 Average 222,103 NGN

Yearly Trough Low 170,172 NGN

Transaction Impact: A difference of 45,695.37 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

42.7889

39.2582

JanuMarcMayJulySeptNove

NOK to NGN 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 41.6736, compared to 40.2267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4470 points.

H1 Avg (Jan–Jun) 41.6736

H2 Avg (Jul–Dec) 40.2267

Volatility Range Comparison

Volatility

The most volatile month in 2019 was June, with a trading range of 7.3847 NGN (High: 42.4681 / Low: 35.0834). On the other end, May was the most stable month, with a tight range of 0.4797 NGN (High: 41.4632 / Low: 40.9835).

June Spread (Volatile) ±7.3847

May Spread (Stable) ±0.4797

Growth Streaks & Declines

Trends

Between October and December, 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 July and August, when the average rate fell by 1.7894 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.7894

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 42.4947) against the same month in 2018 (average: 45.5589), the exchange rate shifted by -3.0642 (-6.73%).

2019 Avg (January) 42.4947

2018 Avg (January) 45.5589

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	43.1735	41.4831	42.4947
February	42.7906	41.4683	42.1122
March	42.6318	40.9895	41.8682
April	42.5832	41.2927	42.0315
May	41.4632	40.9835	41.2194
June	42.4681	35.0834	40.3159
July	42.2593	40.7616	41.8333
August	41.0185	34.0344	40.0439
September	40.4960	39.7713	40.0964
October	39.9374	39.1432	39.5524
November	39.8312	39.2598	39.6125
December	41.2451	39.3339	40.2215