YEARLY HIGH
7.4614 NGN
YEARLY LOW
0.1055 NGN
YEARLY AVERAGE
1.8621 NGN

2021 SDG to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SDG to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 7.4614. Conversely, the yearly low was recorded on February 24, dropping to 0.1055.

This high-to-low spread represents a total annual volatility of 7.3559 NGN. From a start-to-finish perspective, comparing the January average rate of 7.0163 to the December average rate of 0.9398, the exchange rate registered a net change of -86.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.4614 was down 7.99% compared to the 2020 peak of 8.1089, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SDG based on timing:

Yearly Peak High 37,307 NGN
2020 Average 35,177 NGN
Yearly Trough Low 527 NGN
Transaction Impact: A difference of 36,779.57 NGN purely based on transaction execution date.

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7.6262
0.3078
JanuMarcMayJulySeptNove

SDG to NGN 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 2.7890, compared to 0.9352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8538 points.

H1 Avg (Jan–Jun) 2.7890
H2 Avg (Jul–Dec) 0.9352

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 7.3559 NGN (High: 7.4614 / Low: 0.1055). On the other end, October was the most stable month, with a tight range of 0.0062 NGN (High: 0.9366 / Low: 0.9304).

February Spread (Volatile) Âą7.3559
October Spread (Stable) Âą0.0062

Growth Streaks & Declines

Trends

Between July and November, 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 February and March, when the average rate fell by 4.7109 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -4.7109

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 5.7317) against the same month in 2020 (average: 7.0323), the exchange rate shifted by -1.3007 (-18.50%).

2021 Avg (February) 5.7317
2020 Avg (February) 7.0323

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Month High Low Average
January 7.1834 6.8838 7.0163
February 7.4614 0.1055 5.7317
March 1.0815 0.9974 1.0208
April 1.0775 0.9807 1.0240
May 1.0587 0.9325 0.9954
June 0.9816 0.9054 0.9456
July 0.9232 0.9070 0.9176
August 0.9285 0.9214 0.9236
September 0.9365 0.9276 0.9311
October 0.9366 0.9304 0.9325
November 1.8340 0.9298 0.9664
December 0.9460 0.9340 0.9398