YEARLY HIGH
53.5518 NGN
YEARLY LOW
48.8673 NGN
YEARLY AVERAGE
52.1196 NGN

2021 GTQ to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the GTQ to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 53.5518. Conversely, the yearly low was recorded on February 2, dropping to 48.8673.

This high-to-low spread represents a total annual volatility of 4.6845 NGN. From a start-to-finish perspective, comparing the January average rate of 49.7692 to the December average rate of 53.2032, the exchange rate registered a net change of 6.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 53.5518 was up 5.41% compared to the 2020 peak of 50.8019, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 267,759 NGN
2020 Average 246,213 NGN
Yearly Trough Low 244,336 NGN
Transaction Impact: A difference of 23,422.42 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

53.5466
49.4258
JanuMarcMayJulySeptNove

GTQ 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: JanтАУJun) was 51.1006, compared to 53.1387 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 2.0381 points.

H1 Avg (JanтАУJun) 51.1006
H2 Avg (JulтАУDec) 53.1387

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 4.4681 NGN (High: 53.3354 / Low: 48.8673). On the other end, September was the most stable month, with a tight range of 0.2550 NGN (High: 53.3097 / Low: 53.0547).

February Spread (Volatile) ┬▒4.4681
September Spread (Stable) ┬▒0.2550

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 June and July, when the average rate fell by 0.1028 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 52.3879) against the same month in 2020 (average: 50.5512), the exchange rate shifted by +1.8367 (+3.63%).

2021 Avg (May) 52.3879
2020 Avg (May) 50.5512

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Month High Low Average
January 50.9019 48.8760 49.7692
February 53.3354 48.8673 50.3471
March 53.1807 49.1658 50.2793
April 53.2078 49.1675 50.6406
May 53.5518 49.2779 52.3879
June 53.4400 52.9082 53.1796
July 53.1973 52.9144 53.0767
August 53.2317 52.9086 53.1366
September 53.3097 53.0547 53.1857
October 53.3244 52.9996 53.1193
November 53.3263 52.9657 53.1105
December 53.5192 52.9623 53.2032