YEARLY HIGH
0.0026 BMD
YEARLY LOW
0.0024 BMD
YEARLY AVERAGE
0.0025 BMD

2021 NGN to BMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to BMD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 0.0026. Conversely, the yearly low was recorded on December 18, dropping to 0.0024.

This high-to-low spread represents a total annual volatility of 0.0002 BMD. From a start-to-finish perspective, comparing the January average rate of 0.0026 to the December average rate of 0.0024, 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 0.0026 was down 4.80% compared to the 2020 peak of 0.0028, 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 2,635 BMD
2020 Average 2,631 BMD
Yearly Trough Low 2,416 BMD
Transaction Impact: A difference of 218.78 BMD purely based on transaction execution date.

āĻĒā§āϰāĻŦāĻŖāϤāĻžāϰ āϚāĻŋāĻ¤ā§āϰāĻžāϝāĻŧāύ

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

0.0026
0.0024
JanuMarcMayJulySeptNove

NGN to BMD 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 0.0025, compared to 0.0024 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0025
H2 Avg (Jul–Dec) 0.0024

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0002 BMD (High: 0.0026 / Low: 0.0024). On the other end, August was the most stable month, with a tight range of 0.0000 BMD (High: 0.0024 / Low: 0.0024).

May Spread (Volatile) Âą0.0002
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 0.0001 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0026) against the same month in 2020 (average: 0.0026), the exchange rate shifted by -0.0000 (-1.43%).

2021 Avg (April) 0.0026
2020 Avg (April) 0.0026

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 0.0026 0.0025 0.0026
February 0.0026 0.0024 0.0026
March 0.0026 0.0024 0.0026
April 0.0026 0.0024 0.0026
May 0.0026 0.0024 0.0025
June 0.0024 0.0024 0.0024
July 0.0024 0.0024 0.0024
August 0.0024 0.0024 0.0024
September 0.0024 0.0024 0.0024
October 0.0024 0.0024 0.0024
November 0.0024 0.0024 0.0024
December 0.0024 0.0024 0.0024