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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.
Comparing the value generated converting 5,000 BBD based on timing:
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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)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 197.6680, compared to 205.6252 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 7.9573 points.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsBetween 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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| 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 |