2021 CDF to NGN Historical Review

YEARLY HIGH

0.2088 NGN

YEARLY LOW

0.1902 NGN

YEARLY AVERAGE

0.2025 NGN

2021 CDF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CDF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 21, valuing the pair at 0.2088. Conversely, the yearly low was recorded on May 3, dropping to 0.1902.

This high-to-low spread represents a total annual volatility of 0.0187 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1965 to the December average rate of 0.2056, the exchange rate registered a net change of 4.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2088 was down 18.41% compared to the 2020 peak of 0.2559, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,044 NGN

2020 Average 1,031 NGN

Yearly Trough Low 951 NGN

Transaction Impact: A difference of 93.31 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2082

0.1940

JanuMarcMayJulySeptNove

CDF 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 0.1990, compared to 0.2061 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0070 points.

H1 Avg (Jan–Jun) 0.1990

H2 Avg (Jul–Dec) 0.2061

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0184 NGN (High: 0.2088 / Low: 0.1904). On the other end, August was the most stable month, with a tight range of 0.0013 NGN (High: 0.2074 / Low: 0.2061).

March Spread (Volatile) ±0.0184

August Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.1952) against the same month in 2020 (average: 0.2175), the exchange rate shifted by -0.0223 (-10.24%).

2021 Avg (March) 0.1952

2020 Avg (March) 0.2175

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2013	0.1925	0.1965
February	0.2079	0.1918	0.1969
March	0.2088	0.1904	0.1952
April	0.2072	0.1902	0.1964
May	0.2072	0.1902	0.2025
June	0.2077	0.2059	0.2066
July	0.2074	0.2046	0.2064
August	0.2074	0.2061	0.2070
September	0.2074	0.2055	0.2067
October	0.2073	0.2039	0.2057
November	0.2063	0.2042	0.2050
December	0.2075	0.2048	0.2056