2019 ZAR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 ZAR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the ZAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 27.3589. Conversely, the yearly low was recorded on August 27, dropping to 20.0013.
This high-to-low spread represents a total annual volatility of 7.3577 NGN. From a start-to-finish perspective, comparing the January average rate of 26.2763 to the December average rate of 25.2026, the exchange rate registered a net change of -4.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 27.3589 was down 12.47% compared to the 2018 peak of 31.2560, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2019.
ZAR 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 25.3065, compared to 24.5965 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7100 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was June, with a trading range of 5.1459 NGN (High: 25.5667 / Low: 20.4208). On the other end, November was the most stable month, with a tight range of 0.6509 NGN (High: 24.7370 / Low: 24.0861).
Growth Streaks & Declines
TrendsBetween October and December, 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 1.9745 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 26.2763) against the same month in 2018 (average: 29.5507), the exchange rate shifted by -3.2744 (-11.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.3589 | 24.9833 | 26.2763 |
| February | 27.0949 | 25.5801 | 26.1887 |
| March | 25.4946 | 24.6894 | 25.0239 |
| April | 25.8989 | 24.9163 | 25.4604 |
| May | 25.4158 | 24.3396 | 24.9983 |
| June | 25.5667 | 20.4208 | 23.8916 |
| July | 25.9964 | 25.1508 | 25.6296 |
| August | 24.6240 | 20.0013 | 23.6551 |
| September | 24.8251 | 23.7799 | 24.3133 |
| October | 24.8156 | 23.5901 | 24.2984 |
| November | 24.7370 | 24.0861 | 24.4802 |
| December | 25.9321 | 24.5232 | 25.2026 |