YEARLY HIGH
23.8696 NGN
YEARLY LOW
21.1534 NGN
YEARLY AVERAGE
22.8602 NGN

2021 MDL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MDL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 18, valuing the pair at 23.8696. Conversely, the yearly low was recorded on April 3, dropping to 21.1534.

This high-to-low spread represents a total annual volatility of 2.7162 NGN. From a start-to-finish perspective, comparing the January average rate of 22.4868 to the December average rate of 23.1906, the exchange rate registered a net change of 3.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 23.8696 was up 1.55% compared to the 2020 peak of 23.5059, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 119,348 NGN
2020 Average 110,388 NGN
Yearly Trough Low 105,767 NGN
Transaction Impact: A difference of 13,580.86 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

23.7918
21.6577
JanuMarcMayJulySeptNove

MDL 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 22.4399, compared to 23.2805 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.8406 points.

H1 Avg (JanтАУJun) 22.4399
H2 Avg (JulтАУDec) 23.2805

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 2.0943 NGN (High: 23.4669 / Low: 21.3726). On the other end, September was the most stable month, with a tight range of 0.3141 NGN (High: 23.5854 / Low: 23.2713).

May Spread (Volatile) ┬▒2.0943
September Spread (Stable) ┬▒0.3141

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 0.4692 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.4692

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 23.6139) against the same month in 2020 (average: 22.5915), the exchange rate shifted by +1.0224 (+4.53%).

2021 Avg (October) 23.6139
2020 Avg (October) 22.5915

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

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Month High Low Average
January 23.1078 21.8063 22.4868
February 23.5660 21.7702 22.3915
March 23.0635 21.2552 21.9223
April 22.8982 21.1534 21.8355
May 23.4669 21.3726 22.8507
June 23.4752 22.7367 23.1527
July 23.0978 22.6875 22.8585
August 23.5186 22.9703 23.2875
September 23.5854 23.2713 23.3939
October 23.8696 23.4143 23.6139
November 23.6540 23.0890 23.3387
December 23.3839 23.0453 23.1906