2021 GHS to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 GHS to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the GHS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 16, valuing the pair at 71.6431. Conversely, the yearly low was recorded on January 15, dropping to 64.9404.
This high-to-low spread represents a total annual volatility of 6.7028 NGN. From a start-to-finish perspective, comparing the January average rate of 66.2576 to the December average rate of 66.9443, the exchange rate registered a net change of 1.04% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 71.6431 was up 4.62% compared to the 2020 peak of 68.4785, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
GHS to NGN 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: Jan–Jun) was 68.2545, compared to 67.9431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3114 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was February, with a trading range of 6.1003 NGN (High: 71.2988 / Low: 65.1985). On the other end, October was the most stable month, with a tight range of 0.9238 NGN (High: 68.2066 / Low: 67.2828).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 1.4824 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 70.0193) against the same month in 2020 (average: 67.3783), the exchange rate shifted by +2.6411 (+3.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 67.7098 | 64.9404 | 66.2576 |
| February | 71.2988 | 65.1985 | 67.2881 |
| March | 71.5868 | 66.2021 | 67.5608 |
| April | 71.1049 | 65.6470 | 67.6237 |
| May | 71.6431 | 65.8067 | 70.0193 |
| June | 71.2597 | 70.1126 | 70.7776 |
| July | 70.2818 | 68.7894 | 69.2951 |
| August | 69.1598 | 68.0457 | 68.3775 |
| September | 69.0588 | 67.9259 | 68.2202 |
| October | 68.2066 | 67.2828 | 67.7072 |
| November | 67.8365 | 66.6488 | 67.1144 |
| December | 67.5473 | 66.5577 | 66.9443 |