2020 TRY to NGN Historical Review

YEARLY HIGH

61.8299 NGN

YEARLY LOW

44.8094 NGN

YEARLY AVERAGE

54.5817 NGN

2020 TRY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 61.8299. Conversely, the yearly low was recorded on November 7, dropping to 44.8094.

This high-to-low spread represents a total annual volatility of 17.0205 NGN. From a start-to-finish perspective, comparing the January average rate of 61.1441 to the December average rate of 49.8611, the exchange rate registered a net change of -18.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 61.8299 was down 11.73% compared to the 2019 peak of 70.0486, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 3,091,494 NGN

2019 Average 3,172,927 NGN

Yearly Trough Low 2,240,469 NGN

Transaction Impact: A difference of 851,025.22 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

62.4558

46.7159

JanuMarcMayJulySeptNove

TRY 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 58.1367, compared to 51.0266 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.1101 points.

H1 Avg (Jan–Jun) 58.1367

H2 Avg (Jul–Dec) 51.0266

Volatility Range Comparison

Volatility

The most volatile month in 2020 was November, with a trading range of 6.0169 NGN (High: 50.8263 / Low: 44.8094). On the other end, July was the most stable month, with a tight range of 1.1794 NGN (High: 56.7065 / Low: 55.5271).

November Spread (Volatile) ±6.0169

July Spread (Stable) ±1.1794

Growth Streaks & Declines

Trends

Between April and June, 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 3.4757 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.4757

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2020: 61.1441) against the same month in 2019 (average: 67.8183), the exchange rate shifted by -6.6742 (-9.84%).

2020 Avg (January) 61.1441

2019 Avg (January) 67.8183

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.8299	60.5149	61.1441
February	60.8833	58.5484	60.0147
March	60.0260	55.9842	58.4354
April	57.9839	54.4469	56.1878
May	57.9838	54.1682	56.2106
June	57.7376	56.3931	56.8277
July	56.7065	55.5271	56.4146
August	55.6730	51.5932	52.9389
September	52.4222	49.1177	50.8399
October	49.3262	45.5863	48.0777
November	50.8263	44.8094	48.0276
December	52.5098	48.2210	49.8611