YEARLY HIGH
0.0526 SRD
YEARLY LOW
0.0343 SRD
YEARLY AVERAGE
0.0449 SRD

2021 NGN to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 0.0526. Conversely, the yearly low was recorded on May 30, dropping to 0.0343.

This high-to-low spread represents a total annual volatility of 0.0184 SRD. From a start-to-finish perspective, comparing the January average rate of 0.0365 to the December average rate of 0.0515, the exchange rate registered a net change of 41.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0526 was up 41.13% compared to the 2020 peak of 0.0373, 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 52,638 SRD
2020 Average 24,453 SRD
Yearly Trough Low 34,271 SRD
Transaction Impact: A difference of 18,366.33 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0541
0.0333
JanuMarcMayJulySeptNove

NGN to SRD 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 0.0380, compared to 0.0519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0139 points.

H1 Avg (Jan–Jun) 0.0380
H2 Avg (Jul–Dec) 0.0519

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0179 SRD (High: 0.0522 / Low: 0.0343). On the other end, August was the most stable month, with a tight range of 0.0004 SRD (High: 0.0522 / Low: 0.0517).

June Spread (Volatile) ±0.0179
August Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between May and August, 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 0.0012 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0515) against the same month in 2020 (average: 0.0369), the exchange rate shifted by +0.0147 (+39.77%).

2021 Avg (December) 0.0515
2020 Avg (December) 0.0369

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0372 0.0357 0.0365
February 0.0372 0.0343 0.0363
March 0.0372 0.0344 0.0365
April 0.0373 0.0344 0.0363
May 0.0372 0.0343 0.0350
June 0.0522 0.0343 0.0472
July 0.0521 0.0507 0.0515
August 0.0522 0.0517 0.0520
September 0.0522 0.0515 0.0519
October 0.0524 0.0519 0.0521
November 0.0526 0.0521 0.0523
December 0.0526 0.0472 0.0515