2021 BBD to NGN Historical Review

YEARLY HIGH

206.9306 NGN

YEARLY LOW

189.7500 NGN

YEARLY AVERAGE

201.6466 NGN

2021 BBD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BBD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 206.9306. Conversely, the yearly low was recorded on April 27, dropping to 189.7500.

This high-to-low spread represents a total annual volatility of 17.1806 NGN. From a start-to-finish perspective, comparing the January average rate of 193.9164 to the December average rate of 205.6156, the exchange rate registered a net change of 6.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 206.9306 was up 4.79% compared to the 2020 peak of 197.4636, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,034,653 NGN

2020 Average 950,705 NGN

Yearly Trough Low 948,750 NGN

Transaction Impact: A difference of 85,902.86 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

206.9671

192.7300

JanuMarcMayJulySeptNove

BBD 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 197.6680, compared to 205.6252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.9573 points.

H1 Avg (Jan–Jun) 197.6680

H2 Avg (Jul–Dec) 205.6252

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 16.5000 NGN (High: 206.5000 / Low: 190.0000). On the other end, August was the most stable month, with a tight range of 0.5162 NGN (High: 205.9794 / Low: 205.4631).

May Spread (Volatile) ±16.5000

August Spread (Stable) ±0.5162

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.9385 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.9385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 205.6156) against the same month in 2020 (average: 191.9357), the exchange rate shifted by +13.6799 (+7.13%).

2021 Avg (December) 205.6156

2020 Avg (December) 191.9357

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	198.3503	190.2500	193.9164
February	206.2138	190.0000	194.9514
March	205.4812	190.0000	194.0129
April	205.5150	189.7500	195.3492
May	206.5000	190.0000	202.1149
June	206.4054	205.0000	205.6630
July	205.8217	205.0000	205.5906
August	205.9794	205.4631	205.7753
September	206.2725	205.0893	205.7807
October	206.2920	205.1550	205.5123
November	206.3150	204.9400	205.4768
December	206.9306	204.7779	205.6156