YEARLY HIGH
413.8611 NGN
YEARLY LOW
379.5000 NGN
YEARLY AVERAGE
403.2932 NGN

2021 BMD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 413.8611. Conversely, the yearly low was recorded on April 27, dropping to 379.5000.

This high-to-low spread represents a total annual volatility of 34.3611 NGN. From a start-to-finish perspective, comparing the January average rate of 387.8328 to the December average rate of 411.2312, 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 413.8611 was up 4.79% compared to the 2020 peak of 394.9273, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,069,306 NGN
2020 Average 1,901,411 NGN
Yearly Trough Low 1,897,500 NGN
Transaction Impact: A difference of 171,805.72 NGN purely based on transaction execution date.

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413.9342
385.4599
JanuMarcMayJulySeptNove

BMD 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 395.3359, compared to 411.2504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.9145 points.

H1 Avg (Jan–Jun) 395.3359
H2 Avg (Jul–Dec) 411.2504

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 33.0000 NGN (High: 413.0000 / Low: 380.0000). On the other end, August was the most stable month, with a tight range of 1.0324 NGN (High: 411.9587 / Low: 410.9263).

May Spread (Volatile) Âą33.0000
August Spread (Stable) Âą1.0324

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 1.8769 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.8769

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 411.2312) against the same month in 2020 (average: 383.8714), the exchange rate shifted by +27.3597 (+7.13%).

2021 Avg (December) 411.2312
2020 Avg (December) 383.8714

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Month High Low Average
January 396.7005 380.5000 387.8328
February 412.4276 380.0000 389.9028
March 410.9625 380.0000 388.0258
April 411.0300 379.5000 390.6984
May 413.0000 380.0000 404.2299
June 412.8108 410.0000 411.3259
July 411.6434 410.0000 411.1813
August 411.9587 410.9263 411.5507
September 412.5451 410.1785 411.5613
October 412.5839 410.3100 411.0246
November 412.6301 409.8800 410.9535
December 413.8611 409.5558 411.2312