YEARLY HIGH
58.2721 NGN
YEARLY LOW
53.4644 NGN
YEARLY AVERAGE
56.1854 NGN

2020 TTD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TTD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 58.2721. Conversely, the yearly low was recorded on January 4, dropping to 53.4644.

This high-to-low spread represents a total annual volatility of 4.8078 NGN. From a start-to-finish perspective, comparing the January average rate of 53.5919 to the December average rate of 56.5208, the exchange rate registered a net change of 5.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 58.2721 was up 7.12% compared to the 2019 peak of 54.4014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 291,361 NGN
2019 Average 265,794 NGN
Yearly Trough Low 267,322 NGN
Transaction Impact: A difference of 24,038.75 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

58.0367
53.1879
JanuMarcMayJulySeptNove

TTD 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 55.7120, compared to 56.6588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9469 points.

H1 Avg (Jan–Jun) 55.7120
H2 Avg (Jul–Dec) 56.6588

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 3.9780 NGN (High: 57.8329 / Low: 53.8549). On the other end, July was the most stable month, with a tight range of 0.3351 NGN (High: 57.5128 / Low: 57.1777).

March Spread (Volatile) ±3.9780
July Spread (Stable) ±0.3351

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 0.4283 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.4283

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 57.6327) against the same month in 2019 (average: 53.1611), the exchange rate shifted by +4.4716 (+8.41%).

2020 Avg (May) 57.6327
2019 Avg (May) 53.1611

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 53.8693 53.4644 53.5919
February 54.1108 53.5826 53.8583
March 57.8329 53.8549 54.8893
April 57.7596 54.3108 56.9863
May 58.2721 56.8714 57.6327
June 57.4774 57.0506 57.3132
July 57.5128 57.1777 57.3350
August 57.3723 55.9542 56.9067
September 57.1158 55.9804 56.6077
October 56.9896 55.9565 56.3117
November 56.7123 55.9667 56.2711
December 58.1285 55.8733 56.5208