YEARLY HIGH
0.0035 BND
YEARLY LOW
0.0032 BND
YEARLY AVERAGE
0.0033 BND

2021 NGN to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0035. Conversely, the yearly low was recorded on May 30, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0003 BND. From a start-to-finish perspective, comparing the January average rate of 0.0034 to the December average rate of 0.0033, the exchange rate registered a net change of -3.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0035 was down 10.70% compared to the 2020 peak of 0.0040, 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 3,545 BND
2020 Average 3,629 BND
Yearly Trough Low 3,204 BND
Transaction Impact: A difference of 341.60 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0035
0.0032
JanuMarcMayJulySeptNove

NGN to BND 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 0.0034, compared to 0.0033 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0001 points.

H1 Avg (JanтАУJun) 0.0034
H2 Avg (JulтАУDec) 0.0033

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0003 BND (High: 0.0035 / Low: 0.0032). On the other end, August was the most stable month, with a tight range of 0.0000 BND (High: 0.0033 / Low: 0.0033).

May Spread (Volatile) ┬▒0.0003
August 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 0.0001 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0035) against the same month in 2020 (average: 0.0038), the exchange rate shifted by -0.0004 (-9.42%).

2021 Avg (March) 0.0035
2020 Avg (March) 0.0038

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Month High Low Average
January 0.0035 0.0033 0.0034
February 0.0035 0.0032 0.0034
March 0.0035 0.0033 0.0035
April 0.0035 0.0032 0.0034
May 0.0035 0.0032 0.0033
June 0.0033 0.0032 0.0032
July 0.0033 0.0033 0.0033
August 0.0033 0.0033 0.0033
September 0.0033 0.0033 0.0033
October 0.0033 0.0033 0.0033
November 0.0033 0.0033 0.0033
December 0.0033 0.0033 0.0033