YEARLY HIGH
17.3544 NGN
YEARLY LOW
15.6054 NGN
YEARLY AVERAGE
16.7311 NGN

2021 HNL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 17.3544. Conversely, the yearly low was recorded on January 6, dropping to 15.6054.

This high-to-low spread represents a total annual volatility of 1.7490 NGN. From a start-to-finish perspective, comparing the January average rate of 15.9968 to the December average rate of 16.9346, the exchange rate registered a net change of 5.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 17.3544 was up 6.14% compared to the 2020 peak of 16.3498, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 86,772 NGN
2020 Average 76,877 NGN
Yearly Trough Low 78,027 NGN
Transaction Impact: A difference of 8,744.96 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

17.4335
15.8662
JanuMarcMayJulySeptNove

HNL 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 16.3683, compared to 17.0939 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.7256 points.

H1 Avg (JanтАУJun) 16.3683
H2 Avg (JulтАУDec) 17.0939

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 1.4266 NGN (High: 17.0863 / Low: 15.6597). On the other end, October was the most stable month, with a tight range of 0.1297 NGN (High: 17.0903 / Low: 16.9606).

February Spread (Volatile) ┬▒1.4266
October Spread (Stable) ┬▒0.1297

Growth Streaks & Declines

Trends

Between March and August, 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 August and September, when the average rate fell by 0.2242 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.2242

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2021: 17.3029) against the same month in 2020 (average: 15.5805), the exchange rate shifted by +1.7224 (+11.05%).

2021 Avg (August) 17.3029
2020 Avg (August) 15.5805

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 16.4122 15.6054 15.9968
February 17.0863 15.6597 16.0848
March 17.0215 15.6468 16.0278
April 17.0787 15.7557 16.2208
May 17.1511 15.7720 16.7782
June 17.1689 16.9983 17.1015
July 17.3446 17.0905 17.2232
August 17.3544 17.1733 17.3029
September 17.2344 16.9961 17.0787
October 17.0903 16.9606 17.0140
November 17.0779 16.9481 17.0101
December 17.0623 16.8328 16.9346