2020 XDR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 XDR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the XDR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 568.6924. Conversely, the yearly low was recorded on March 25, dropping to 493.0428.
This high-to-low spread represents a total annual volatility of 75.6496 NGN. From a start-to-finish perspective, comparing the January average rate of 499.9223 to the December average rate of 552.2013, the exchange rate registered a net change of 10.46% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 568.6924 was up 11.28% compared to the 2019 peak of 511.0248, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
XDR 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 516.2144, compared to 543.1830 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 26.9686 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 41.9007 NGN (High: 534.9435 / Low: 493.0428). On the other end, February was the most stable month, with a tight range of 6.7126 NGN (High: 501.4054 / Low: 494.6929).
Growth Streaks & Declines
TrendsBetween February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 2.1573 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 552.2013) against the same month in 2019 (average: 500.0476), the exchange rate shifted by +52.1537 (+10.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 506.8201 | 498.0529 | 499.9223 |
| February | 501.4054 | 494.6929 | 498.4860 |
| March | 534.9435 | 493.0428 | 508.6503 |
| April | 532.3789 | 499.8298 | 524.9040 |
| May | 534.0311 | 525.0419 | 530.8239 |
| June | 537.9937 | 530.9821 | 534.5000 |
| July | 547.2457 | 533.4381 | 538.5978 |
| August | 548.3442 | 534.3411 | 543.7779 |
| September | 549.2669 | 534.0396 | 541.8791 |
| October | 544.5334 | 537.2548 | 539.7217 |
| November | 547.1424 | 537.2259 | 542.9204 |
| December | 568.6924 | 544.3487 | 552.2013 |