YEARLY HIGH
0.0293 NGN
YEARLY LOW
0.0260 NGN
YEARLY AVERAGE
0.0282 NGN

2021 IDR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the IDR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.0293. Conversely, the yearly low was recorded on April 14, dropping to 0.0260.

This high-to-low spread represents a total annual volatility of 0.0033 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0276 to the December average rate of 0.0287, the exchange rate registered a net change of 4.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0293 was up 4.71% compared to the 2020 peak of 0.0280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 293,192 NGN
2020 Average 261,817 NGN
Yearly Trough Low 260,320 NGN
Transaction Impact: A difference of 32,871.54 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0292
0.0267
JanuMarcMayJulySeptNove

IDR 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 0.0277, compared to 0.0287 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0010 points.

H1 Avg (JanтАУJun) 0.0277
H2 Avg (JulтАУDec) 0.0287

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.0027 NGN (High: 0.0293 / Low: 0.0266). On the other end, September was the most stable month, with a tight range of 0.0003 NGN (High: 0.0290 / Low: 0.0287).

February Spread (Volatile) ┬▒0.0027
September Spread (Stable) ┬▒0.0003

Growth Streaks & Declines

Trends

Between July and October, 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 February and March, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.0277) against the same month in 2020 (average: 0.0265), the exchange rate shifted by +0.0013 (+4.77%).

2021 Avg (February) 0.0277
2020 Avg (February) 0.0265

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Month High Low Average
January 0.0280 0.0269 0.0276
February 0.0293 0.0266 0.0277
March 0.0285 0.0263 0.0270
April 0.0283 0.0260 0.0269
May 0.0291 0.0264 0.0282
June 0.0290 0.0282 0.0286
July 0.0285 0.0281 0.0283
August 0.0289 0.0284 0.0286
September 0.0290 0.0287 0.0289
October 0.0292 0.0287 0.0290
November 0.0291 0.0284 0.0288
December 0.0290 0.0282 0.0287