YEARLY HIGH
0.0743 UAH
YEARLY LOW
0.0632 UAH
YEARLY AVERAGE
0.0677 UAH

2021 NGN to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.0743. Conversely, the yearly low was recorded on November 8, dropping to 0.0632.

This high-to-low spread represents a total annual volatility of 0.0111 UAH. From a start-to-finish perspective, comparing the January average rate of 0.0728 to the December average rate of 0.0662, the exchange rate registered a net change of -9.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0743 was down 3.17% compared to the 2020 peak of 0.0768, 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 74,343 UAH
2020 Average 70,910 UAH
Yearly Trough Low 63,216 UAH
Transaction Impact: A difference of 11,126.55 UAH purely based on transaction execution date.

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0.0736
0.0633
JanuMarcMayJulySeptNove

NGN to UAH 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 0.0703, compared to 0.0652 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0052 points.

H1 Avg (Jan–Jun) 0.0703
H2 Avg (Jul–Dec) 0.0652

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0066 UAH (High: 0.0731 / Low: 0.0665). On the other end, August was the most stable month, with a tight range of 0.0008 UAH (High: 0.0655 / Low: 0.0646).

May Spread (Volatile) Âą0.0066
August Spread (Stable) Âą0.0008

Growth Streaks & Declines

Trends

Between October and December, 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 0.0031 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0728) against the same month in 2020 (average: 0.0667), the exchange rate shifted by +0.0060 (+9.06%).

2021 Avg (January) 0.0728
2020 Avg (January) 0.0667

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Month High Low Average
January 0.0743 0.0711 0.0728
February 0.0738 0.0676 0.0715
March 0.0736 0.0675 0.0717
April 0.0736 0.0678 0.0715
May 0.0731 0.0665 0.0683
June 0.0667 0.0654 0.0662
July 0.0667 0.0652 0.0661
August 0.0655 0.0646 0.0651
September 0.0657 0.0645 0.0649
October 0.0648 0.0637 0.0641
November 0.0662 0.0632 0.0645
December 0.0667 0.0653 0.0662