2021 NGN to NOK Historical Review

YEARLY HIGH

0.0228 NOK

YEARLY LOW

0.0199 NOK

YEARLY AVERAGE

0.0213 NOK

2021 NGN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.0228. Conversely, the yearly low was recorded on May 16, dropping to 0.0199.

This high-to-low spread represents a total annual volatility of 0.0029 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0220 to the December average rate of 0.0218, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0228 was down 28.72% compared to the 2020 peak of 0.0319, 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 22,754 NOK

2020 Average 24,782 NOK

Yearly Trough Low 19,903 NOK

Transaction Impact: A difference of 2,850.20 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0221

0.0204

JanuMarcMayJulySeptNove

NGN to NOK 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 0.0214, compared to 0.0213 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0214

H2 Avg (Jul–Dec) 0.0213

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.0022 NOK (High: 0.0227 / Low: 0.0205). On the other end, September was the most stable month, with a tight range of 0.0005 NOK (High: 0.0213 / Low: 0.0208).

February Spread (Volatile) ±0.0022

September Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and August, 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 0.0009 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0220) against the same month in 2020 (average: 0.0277), the exchange rate shifted by -0.0057 (-20.70%).

2021 Avg (March) 0.0220

2020 Avg (March) 0.0277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0225	0.0212	0.0220
February	0.0227	0.0205	0.0218
March	0.0228	0.0207	0.0220
April	0.0224	0.0203	0.0215
May	0.0220	0.0199	0.0206
June	0.0212	0.0200	0.0205
July	0.0219	0.0208	0.0213
August	0.0220	0.0211	0.0215
September	0.0213	0.0208	0.0210
October	0.0210	0.0202	0.0206
November	0.0221	0.0204	0.0213
December	0.0224	0.0213	0.0218

૨૦૨૫ NGN થી NOK ઐતિહાસિક સમીક્ષા