YEARLY HIGH
0.0192 NGN
YEARLY LOW
0.0165 NGN
YEARLY AVERAGE
0.0177 NGN

2020 STD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the STD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 0.0192. Conversely, the yearly low was recorded on March 25, dropping to 0.0165.

This high-to-low spread represents a total annual volatility of 0.0028 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0168 to the December average rate of 0.0186, the exchange rate registered a net change of 10.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0192 was up 10.80% compared to the 2019 peak of 0.0174, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96 NGN
2019 Average 84 NGN
Yearly Trough Low 82 NGN
Transaction Impact: A difference of 13.91 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0188
0.0164
JanuMarcMayJulySeptNove

STD 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 0.0171, compared to 0.0182 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) 0.0171
H2 Avg (Jul–Dec) 0.0182

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0012 NGN (High: 0.0177 / Low: 0.0165). On the other end, June was the most stable month, with a tight range of 0.0001 NGN (High: 0.0176 / Low: 0.0175).

March Spread (Volatile) ±0.0012
June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0186) against the same month in 2019 (average: 0.0168), the exchange rate shifted by +0.0018 (+10.42%).

2020 Avg (December) 0.0186
2019 Avg (December) 0.0168

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0170 0.0168 0.0168
February 0.0169 0.0165 0.0166
March 0.0177 0.0165 0.0168
April 0.0177 0.0166 0.0175
May 0.0177 0.0175 0.0176
June 0.0176 0.0175 0.0176
July 0.0182 0.0176 0.0178
August 0.0185 0.0178 0.0182
September 0.0185 0.0181 0.0183
October 0.0183 0.0181 0.0182
November 0.0183 0.0181 0.0182
December 0.0192 0.0182 0.0186