YEARLY HIGH
102.1113 NGN
YEARLY LOW
91.6380 NGN
YEARLY AVERAGE
97.3211 NGN

2021 MYR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MYR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 102.1113. Conversely, the yearly low was recorded on March 27, dropping to 91.6380.

This high-to-low spread represents a total annual volatility of 10.4733 NGN. From a start-to-finish perspective, comparing the January average rate of 96.0263 to the December average rate of 97.6344, the exchange rate registered a net change of 1.67% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 102.1113 was up 4.99% compared to the 2020 peak of 97.2608, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 2,042,226 NGN
2020 Average 1,810,889 NGN
Yearly Trough Low 1,832,761 NGN
Transaction Impact: A difference of 209,465.79 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

100.0196
93.8794
JanuMarcMayJulySeptNove

MYR 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 96.4955, compared to 98.1467 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 1.6512 points.

H1 Avg (JanтАУJun) 96.4955
H2 Avg (JulтАУDec) 98.1467

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 8.5110 NGN (High: 102.1113 / Low: 93.6003). On the other end, September was the most stable month, with a tight range of 1.2441 NGN (High: 99.4633 / Low: 98.2192).

February Spread (Volatile) ┬▒8.5110
September Spread (Stable) ┬▒1.2441

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 February and March, when the average rate fell by 1.9422 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.9422

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 96.3333) against the same month in 2020 (average: 87.5388), the exchange rate shifted by +8.7945 (+10.05%).

2021 Avg (February) 96.3333
2020 Avg (February) 87.5388

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Month High Low Average
January 98.2852 94.1249 96.0263
February 102.1113 93.6003 96.3333
March 100.0517 91.6380 94.3911
April 99.6195 92.0290 94.7462
May 100.3033 92.1100 97.9680
June 100.4357 98.6720 99.5080
July 99.0246 97.1234 97.8739
August 99.0637 96.9623 97.5341
September 99.4633 98.2192 98.8005
October 99.3198 98.0619 98.7269
November 99.3155 96.6950 98.3107
December 98.7172 96.8991 97.6344