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2021 NGN to SDG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NGN to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 9.4821. Conversely, the yearly low was recorded on February 20, dropping to 0.1340.
This high-to-low spread represents a total annual volatility of 9.3481 SDG. From a start-to-finish perspective, comparing the January average rate of 0.1425 to the December average rate of 1.0641, the exchange rate registered a net change of 646.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 9.4821 was up 6143.47% compared to the 2020 peak of 0.1519, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
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NGN to SDG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 0.7976, compared to 1.0722 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.2746 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was February, with a trading range of 9.3481 SDG (High: 9.4821 / Low: 0.1340). On the other end, January was the most stable month, with a tight range of 0.0061 SDG (High: 0.1453 / Low: 0.1392).
Growth Streaks & Declines
TrendsBetween April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0219 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2021: 0.6220) against the same month in 2020 (average: 0.1423), the exchange rate shifted by +0.4797 (+337.00%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.1453 | 0.1392 | 0.1425 |
| February | 9.4821 | 0.1340 | 0.6220 |
| March | 1.0026 | 0.9247 | 0.9801 |
| April | 1.0197 | 0.9280 | 0.9774 |
| May | 1.0724 | 0.9445 | 1.0054 |
| June | 1.1045 | 1.0188 | 1.0580 |
| July | 1.1025 | 1.0832 | 1.0898 |
| August | 1.0853 | 1.0770 | 1.0827 |
| September | 1.0780 | 1.0678 | 1.0740 |
| October | 1.0748 | 1.0677 | 1.0723 |
| November | 1.0755 | 0.5452 | 1.0505 |
| December | 1.0707 | 1.0571 | 1.0641 |