YEARLY HIGH
2.3202 NGN
YEARLY LOW
2.1312 NGN
YEARLY AVERAGE
2.2654 NGN

2021 DJF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the DJF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 2.3202. Conversely, the yearly low was recorded on April 27, dropping to 2.1312.

This high-to-low spread represents a total annual volatility of 0.1890 NGN. From a start-to-finish perspective, comparing the January average rate of 2.1767 to the December average rate of 2.3096, the exchange rate registered a net change of 6.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.3202 was up 4.64% compared to the 2020 peak of 2.2174, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,601 NGN
2020 Average 10,681 NGN
Yearly Trough Low 10,656 NGN
Transaction Impact: A difference of 944.97 NGN purely based on transaction execution date.

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2.3254
2.1632
JanuMarcMayJulySeptNove

DJF 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 2.2205, compared to 2.3102 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0897 points.

H1 Avg (Jan–Jun) 2.2205
H2 Avg (Jul–Dec) 2.3102

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.1852 NGN (High: 2.3202 / Low: 2.1351). On the other end, July was the most stable month, with a tight range of 0.0109 NGN (High: 2.3145 / Low: 2.3035).

May Spread (Volatile) Âą0.1852
July Spread (Stable) Âą0.0109

Growth Streaks & Declines

Trends

Between March and September, 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 February and March, when the average rate fell by 0.0101 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 2.2708) against the same month in 2020 (average: 2.1858), the exchange rate shifted by +0.0850 (+3.89%).

2021 Avg (May) 2.2708
2020 Avg (May) 2.1858

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Month High Low Average
January 2.2217 2.1373 2.1767
February 2.3129 2.1356 2.1900
March 2.3061 2.1345 2.1799
April 2.3066 2.1312 2.1955
May 2.3202 2.1351 2.2708
June 2.3190 2.3028 2.3104
July 2.3145 2.3035 2.3107
August 2.3152 2.3032 2.3115
September 2.3170 2.3048 2.3119
October 2.3179 2.3048 2.3091
November 2.3174 2.3023 2.3084
December 2.3187 2.3029 2.3096