YEARLY HIGH
10.0708 COP
YEARLY LOW
8.6152 COP
YEARLY AVERAGE
9.2816 COP

2021 NGN to COP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 10.0708. Conversely, the yearly low was recorded on February 20, dropping to 8.6152.

This high-to-low spread represents a total annual volatility of 1.4556 COP. From a start-to-finish perspective, comparing the January average rate of 9.0020 to the December average rate of 9.6573, the exchange rate registered a net change of 7.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 10.0708 was down 12.00% compared to the 2020 peak of 11.4446, 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 10,070,810 COP
2020 Average 9,703,552 COP
Yearly Trough Low 8,615,217 COP
Transaction Impact: A difference of 1,455,593.19 COP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

9.7252
8.9106
JanuMarcMayJulySeptNove

NGN to COP 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 9.1674, compared to 9.3957 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.2283 points.

H1 Avg (JanтАУJun) 9.1674
H2 Avg (JulтАУDec) 9.3957

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 1.1646 COP (High: 10.0708 / Low: 8.9062). On the other end, September was the most stable month, with a tight range of 0.2474 COP (High: 9.3617 / Low: 9.1142).

May Spread (Volatile) ┬▒1.1646
September Spread (Stable) ┬▒0.2474

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.2765 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2765

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 9.2550) against the same month in 2020 (average: 9.8944), the exchange rate shifted by -0.6394 (-6.46%).

2021 Avg (May) 9.2550
2020 Avg (May) 9.8944

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

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Month High Low Average
January 9.3478 8.7257 9.0020
February 9.5014 8.6152 9.1206
March 9.7419 8.6479 9.3141
April 9.8126 8.8017 9.3341
May 10.0708 8.9062 9.2550
June 9.2307 8.7152 8.9785
July 9.5216 9.1048 9.3066
August 9.7174 9.2970 9.4372
September 9.3617 9.1142 9.2885
October 9.2846 9.0294 9.1878
November 9.8591 9.0971 9.4968
December 9.8663 9.4497 9.6573