YEARLY HIGH
0.1280 PHP
YEARLY LOW
0.1154 PHP
YEARLY AVERAGE
0.1222 PHP

2021 NGN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.1280. Conversely, the yearly low was recorded on June 7, dropping to 0.1154.

This high-to-low spread represents a total annual volatility of 0.0126 PHP. From a start-to-finish perspective, comparing the January average rate of 0.1240 to the December average rate of 0.1224, the exchange rate registered a net change of -1.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1280 was down 9.48% compared to the 2020 peak of 0.1414, 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 127,991 PHP
2020 Average 130,560 PHP
Yearly Trough Low 115,420 PHP
Transaction Impact: A difference of 12,570.88 PHP purely based on transaction execution date.

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0.1260
0.1163
JanuMarcMayJulySeptNove

NGN to PHP 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 0.1221, compared to 0.1223 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.1221
H2 Avg (Jul–Dec) 0.1223

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0107 PHP (High: 0.1262 / Low: 0.1156). On the other end, October was the most stable month, with a tight range of 0.0013 PHP (High: 0.1238 / Low: 0.1225).

May Spread (Volatile) Âą0.0107
October Spread (Stable) Âą0.0013

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0055 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.1251) against the same month in 2020 (average: 0.1374), the exchange rate shifted by -0.0122 (-8.91%).

2021 Avg (March) 0.1251
2020 Avg (March) 0.1374

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Month High Low Average
January 0.1263 0.1213 0.1240
February 0.1279 0.1176 0.1239
March 0.1280 0.1182 0.1251
April 0.1276 0.1177 0.1241
May 0.1262 0.1156 0.1186
June 0.1190 0.1154 0.1171
July 0.1240 0.1193 0.1217
August 0.1232 0.1186 0.1220
September 0.1245 0.1209 0.1220
October 0.1238 0.1225 0.1234
November 0.1237 0.1213 0.1225
December 0.1248 0.1205 0.1224