YEARLY HIGH
0.0053 BBD
YEARLY LOW
0.0048 BBD
YEARLY AVERAGE
0.0050 BBD

2021 NGN to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 0.0053. Conversely, the yearly low was recorded on December 18, dropping to 0.0048.

This high-to-low spread represents a total annual volatility of 0.0004 BBD. From a start-to-finish perspective, comparing the January average rate of 0.0052 to the December average rate of 0.0049, the exchange rate registered a net change of -5.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0053 was down 4.80% compared to the 2020 peak of 0.0055, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 5,270 BBD
2020 Average 5,263 BBD
Yearly Trough Low 4,833 BBD
Transaction Impact: A difference of 437.55 BBD purely based on transaction execution date.

āĻĒā§āϰāĻŦāĻŖāϤāĻžāϰ āϚāĻŋāĻ¤ā§āϰāĻžāϝāĻŧāύ

2021 āϏāĻžāϞ āϜ⧁āĻĄāĻŧ⧇ āĻŽāĻžāϏāĻŋāĻ• āĻ—āĻĄāĻŧ āĻ“āĻ āĻžāύāĻžāĻŽāĻžāĨ¤

0.0052
0.0048
JanuMarcMayJulySeptNove

NGN to BBD 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 0.0051, compared to 0.0049 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0051
H2 Avg (Jul–Dec) 0.0049

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0004 BBD (High: 0.0053 / Low: 0.0048). On the other end, August was the most stable month, with a tight range of 0.0000 BBD (High: 0.0049 / Low: 0.0049).

May Spread (Volatile) Âą0.0004
August Spread (Stable) Âą0.0000

Growth Streaks & Declines

Trends

Between September and November, 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 0.0002 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0051) against the same month in 2020 (average: 0.0052), the exchange rate shifted by -0.0001 (-1.43%).

2021 Avg (April) 0.0051
2020 Avg (April) 0.0052

āĻŽāĻžāϏāĻŋāĻ• āĻŦāĻŋāĻļā§āϞ⧇āώāĻŖ

āĻĒā§āϰāϤāĻŋāϟāĻŋ āĻ•ā§āϝāĻžāϞ⧇āĻ¨ā§āĻĄāĻžāϰ āĻŽāĻžāϏ⧇āϰ āĻĒāϰāĻŋāϏāĻ‚āĻ–ā§āϝāĻžāύāĻ—āϤ āϏāĻžāϰāϏāĻ‚āĻ•ā§āώ⧇āĻĒāĨ¤

Month High Low Average
January 0.0053 0.0050 0.0052
February 0.0053 0.0048 0.0051
March 0.0053 0.0049 0.0052
April 0.0053 0.0049 0.0051
May 0.0053 0.0048 0.0050
June 0.0049 0.0048 0.0049
July 0.0049 0.0049 0.0049
August 0.0049 0.0049 0.0049
September 0.0049 0.0048 0.0049
October 0.0049 0.0048 0.0049
November 0.0049 0.0048 0.0049
December 0.0049 0.0048 0.0049