2020 TOP to NGN Historical Review

YEARLY HIGH

172.9123 NGN

YEARLY LOW

153.0140 NGN

YEARLY AVERAGE

165.2350 NGN

2020 TOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 172.9123. Conversely, the yearly low was recorded on March 25, dropping to 153.0140.

This high-to-low spread represents a total annual volatility of 19.8984 NGN. From a start-to-finish perspective, comparing the January average rate of 157.7346 to the December average rate of 168.0800, the exchange rate registered a net change of 6.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 172.9123 was up 5.89% compared to the 2019 peak of 163.2992, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 864,562 NGN

2019 Average 785,994 NGN

Yearly Trough Low 765,070 NGN

Transaction Impact: A difference of 99,491.81 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

171.9611

155.8091

JanuMarcMayJulySeptNove

TOP 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 162.7917, compared to 167.6784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.8867 points.

H1 Avg (Jan–Jun) 162.7917

H2 Avg (Jul–Dec) 167.6784

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 14.0942 NGN (High: 167.1082 / Low: 153.0140). On the other end, February was the most stable month, with a tight range of 1.4147 NGN (High: 157.6835 / Low: 156.2688).

March Spread (Volatile) ±14.0942

February Spread (Stable) ±1.4147

Growth Streaks & Declines

Trends

Between February and June, 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 2.8579 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.8579

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 168.0800) against the same month in 2019 (average: 157.6707), the exchange rate shifted by +10.4093 (+6.60%).

2020 Avg (December) 168.0800

2019 Avg (December) 157.6707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	160.2070	156.2688	157.7346
February	157.6835	156.2688	157.1551
March	167.1082	153.0140	157.8629
April	169.0574	155.6571	164.7915
May	170.3641	166.1134	168.5907
June	172.2475	168.7053	170.6151
July	171.0837	169.3647	170.0189
August	170.7374	166.5076	168.9025
September	171.1590	164.4845	167.9617
October	166.7835	163.5715	165.1037
November	167.5816	163.5592	166.0036
December	172.9123	165.8534	168.0800