YEARLY HIGH
0.2979 NGN
YEARLY LOW
0.2091 NGN
YEARLY AVERAGE
0.2527 NGN

2021 MMK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MMK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 0.2979. Conversely, the yearly low was recorded on October 6, dropping to 0.2091.

This high-to-low spread represents a total annual volatility of 0.0888 NGN. From a start-to-finish perspective, comparing the January average rate of 0.2915 to the December average rate of 0.2310, the exchange rate registered a net change of -20.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2979 was down 1.10% compared to the 2020 peak of 0.3013, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,490 NGN
2020 Average 1,385 NGN
Yearly Trough Low 1,046 NGN
Transaction Impact: A difference of 444.12 NGN purely based on transaction execution date.

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0.2988
0.2105
JanuMarcMayJulySeptNove

MMK 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 0.2700, compared to 0.2353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0346 points.

H1 Avg (Jan–Jun) 0.2700
H2 Avg (Jul–Dec) 0.2353

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0476 NGN (High: 0.2912 / Low: 0.2436). On the other end, July was the most stable month, with a tight range of 0.0013 NGN (High: 0.2505 / Low: 0.2491).

April Spread (Volatile) Âą0.0476
July Spread (Stable) Âą0.0013

Growth Streaks & Declines

Trends

Between June and August, 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 April and May, when the average rate fell by 0.0188 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.2915) against the same month in 2020 (average: 0.2467), the exchange rate shifted by +0.0448 (+18.15%).

2021 Avg (January) 0.2915
2020 Avg (January) 0.2467

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Month High Low Average
January 0.2979 0.2856 0.2915
February 0.2929 0.2702 0.2783
March 0.2912 0.2695 0.2752
April 0.2912 0.2436 0.2719
May 0.2652 0.2440 0.2531
June 0.2508 0.2490 0.2499
July 0.2505 0.2491 0.2499
August 0.2505 0.2491 0.2500
September 0.2502 0.2195 0.2336
October 0.2288 0.2091 0.2178
November 0.2323 0.2245 0.2298
December 0.2325 0.2295 0.2310