2020 SRD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 SRD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the SRD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 52.4897. Conversely, the yearly low was recorded on December 23, dropping to 26.8122.
This high-to-low spread represents a total annual volatility of 25.6775 NGN. From a start-to-finish perspective, comparing the January average rate of 48.5740 to the December average rate of 27.1211, the exchange rate registered a net change of -44.17% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 52.4897 was up 7.14% compared to the 2019 peak of 48.9913, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
SRD to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 50.4714, compared to 38.1463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.3250 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was September, with a trading range of 25.0466 NGN (High: 51.9295 / Low: 26.8829). On the other end, June was the most stable month, with a tight range of 0.2531 NGN (High: 52.0247 / Low: 51.7715).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 17.1625 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 49.7120) against the same month in 2019 (average: 48.2872), the exchange rate shifted by +1.4249 (+2.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 49.0904 | 48.4449 | 48.5740 |
| February | 49.0574 | 48.5385 | 48.8108 |
| March | 52.4897 | 48.8231 | 49.7120 |
| April | 52.2928 | 49.2089 | 51.6078 |
| May | 52.3693 | 51.8124 | 52.1762 |
| June | 52.0247 | 51.7715 | 51.9472 |
| July | 52.1641 | 51.8522 | 51.9746 |
| August | 52.0488 | 50.7509 | 51.6493 |
| September | 51.9295 | 26.8829 | 44.1539 |
| October | 27.2653 | 26.8829 | 26.9914 |
| November | 27.1467 | 26.8475 | 26.9875 |
| December | 27.9022 | 26.8122 | 27.1211 |