YEARLY HIGH
110.9486 IRR
YEARLY LOW
101.9492 IRR
YEARLY AVERAGE
104.6236 IRR

2021 NGN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 110.9486. Conversely, the yearly low was recorded on May 16, dropping to 101.9492.

This high-to-low spread represents a total annual volatility of 8.9995 IRR. From a start-to-finish perspective, comparing the January average rate of 108.5893 to the December average rate of 102.7712, the exchange rate registered a net change of -5.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 110.9486 was down 35.05% compared to the 2020 peak of 170.8116, 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 110,948,617 IRR
2020 Average 110,969,612 IRR
Yearly Trough Low 101,949,153 IRR
Transaction Impact: A difference of 8,999,464.06 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

109.2106
101.7541
JanuMarcMayJulySeptNove

NGN to IRR 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 106.6156, compared to 102.6315 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9841 points.

H1 Avg (Jan–Jun) 106.6156
H2 Avg (Jul–Dec) 102.6315

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 8.8535 IRR (High: 110.8026 / Low: 101.9492). On the other end, August was the most stable month, with a tight range of 0.3759 IRR (High: 102.6859 / Low: 102.3100).

May Spread (Volatile) ±8.8535
August Spread (Stable) ±0.3759

Growth Streaks & Declines

Trends

Between August and November, 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 April and May, when the average rate fell by 3.5877 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -3.5877

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 107.8549) against the same month in 2020 (average: 109.4207), the exchange rate shifted by -1.5658 (-1.43%).

2021 Avg (April) 107.8549
2020 Avg (April) 109.4207

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 110.6570 106.1380 108.5893
February 110.8026 102.0906 108.0342
March 110.8026 102.4546 108.5727
April 110.9486 102.4378 107.8549
May 110.8026 101.9492 104.2672
June 102.7773 101.9959 102.3755
July 102.7988 102.2972 102.4754
August 102.6859 102.3100 102.4715
September 102.9308 102.2494 102.5422
October 102.9709 102.2701 102.7097
November 103.1374 102.3920 102.8188
December 103.2216 102.0874 102.7712