2020 NOK to NGN Historical Review

YEARLY HIGH

45.6567 NGN

YEARLY LOW

31.3252 NGN

YEARLY AVERAGE

40.5074 NGN

2020 NOK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the NOK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 45.6567. Conversely, the yearly low was recorded on March 21, dropping to 31.3252.

This high-to-low spread represents a total annual volatility of 14.3315 NGN. From a start-to-finish perspective, comparing the January average rate of 40.5118 to the December average rate of 44.1124, the exchange rate registered a net change of 8.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 45.6567 was up 5.75% compared to the 2019 peak of 43.1735, 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 228,284 NGN

2019 Average 204,727 NGN

Yearly Trough Low 156,626 NGN

Transaction Impact: A difference of 71,657.48 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

44.8976

35.4750

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 38.6801, compared to 42.3346 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.6544 points.

H1 Avg (Jan–Jun) 38.6801

H2 Avg (Jul–Dec) 42.3346

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 8.1653 NGN (High: 39.4905 / Low: 31.3252). On the other end, February was the most stable month, with a tight range of 0.7927 NGN (High: 39.5237 / Low: 38.7310).

March Spread (Volatile) ±8.1653

February Spread (Stable) ±0.7927

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 2.9291 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -2.9291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 44.1124) against the same month in 2019 (average: 40.2215), the exchange rate shifted by +3.8908 (+9.67%).

2020 Avg (December) 44.1124

2019 Avg (December) 40.2215

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.7238	39.3230	40.5118
February	39.5237	38.7310	39.1893
March	39.4905	31.3252	36.2602
April	38.0268	34.8149	36.9372
May	39.8745	37.2223	38.5758
June	41.9193	39.8560	40.6067
July	42.8692	40.6970	41.6911
August	44.1492	41.8584	43.0579
September	44.1521	39.7711	41.9520
October	41.9738	39.9738	41.1082
November	43.1627	39.7428	42.0859
December	45.6567	43.1422	44.1124