YEARLY HIGH
0.0044 BAM
YEARLY LOW
0.0039 BAM
YEARLY AVERAGE
0.0041 BAM

2021 NGN to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.0044. Conversely, the yearly low was recorded on May 25, dropping to 0.0039.

This high-to-low spread represents a total annual volatility of 0.0005 BAM. From a start-to-finish perspective, comparing the January average rate of 0.0041 to the December average rate of 0.0042, the exchange rate registered a net change of 1.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0044 was down 12.31% compared to the 2020 peak of 0.0050, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 4,371 BAM
2020 Average 4,518 BAM
Yearly Trough Low 3,869 BAM
Transaction Impact: A difference of 501.20 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0043
0.0039
JanuMarcMayJulySeptNove

NGN to BAM 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 0.0041, compared to 0.0041 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0000 points.

H1 Avg (JanтАУJun) 0.0041
H2 Avg (JulтАУDec) 0.0041

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0004 BAM (High: 0.0043 / Low: 0.0039). On the other end, October was the most stable month, with a tight range of 0.0000 BAM (High: 0.0041 / Low: 0.0041).

May Spread (Volatile) ┬▒0.0004
October Spread (Stable) ┬▒0.0000

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0042) against the same month in 2020 (average: 0.0048), the exchange rate shifted by -0.0005 (-11.19%).

2021 Avg (March) 0.0042
2020 Avg (March) 0.0048

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 0.0042 0.0040 0.0041
February 0.0043 0.0039 0.0042
March 0.0044 0.0040 0.0042
April 0.0044 0.0040 0.0042
May 0.0043 0.0039 0.0040
June 0.0040 0.0039 0.0039
July 0.0040 0.0040 0.0040
August 0.0041 0.0040 0.0040
September 0.0041 0.0040 0.0040
October 0.0041 0.0041 0.0041
November 0.0042 0.0041 0.0042
December 0.0042 0.0042 0.0042