YEARLY HIGH
0.0641 HNL
YEARLY LOW
0.0576 HNL
YEARLY AVERAGE
0.0598 HNL

2021 NGN to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0641. Conversely, the yearly low was recorded on August 22, dropping to 0.0576.

This high-to-low spread represents a total annual volatility of 0.0065 HNL. From a start-to-finish perspective, comparing the January average rate of 0.0625 to the December average rate of 0.0591, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0641 was down 8.20% compared to the 2020 peak of 0.0698, 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 64,080 HNL
2020 Average 65,087 HNL
Yearly Trough Low 57,622 HNL
Transaction Impact: A difference of 6,458.06 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0630
0.0573
JanuMarcMayJulySeptNove

NGN to HNL 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 0.0612, compared to 0.0585 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0027 points.

H1 Avg (JanтАУJun) 0.0612
H2 Avg (JulтАУDec) 0.0585

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.0053 HNL (High: 0.0639 / Low: 0.0585). On the other end, October was the most stable month, with a tight range of 0.0004 HNL (High: 0.0590 / Low: 0.0585).

February Spread (Volatile) ┬▒0.0053
October Spread (Stable) ┬▒0.0004

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0020 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0625) against the same month in 2020 (average: 0.0684), the exchange rate shifted by -0.0059 (-8.62%).

2021 Avg (January) 0.0625
2020 Avg (January) 0.0684

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Month High Low Average
January 0.0641 0.0609 0.0625
February 0.0639 0.0585 0.0622
March 0.0639 0.0587 0.0624
April 0.0635 0.0586 0.0617
May 0.0634 0.0583 0.0597
June 0.0588 0.0582 0.0585
July 0.0585 0.0577 0.0581
August 0.0582 0.0576 0.0578
September 0.0588 0.0580 0.0586
October 0.0590 0.0585 0.0588
November 0.0590 0.0586 0.0588
December 0.0594 0.0586 0.0591