YEARLY HIGH
0.0214 SBD
YEARLY LOW
0.0193 SBD
YEARLY AVERAGE
0.0199 SBD

2021 NGN to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 0.0214. Conversely, the yearly low was recorded on May 30, dropping to 0.0193.

This high-to-low spread represents a total annual volatility of 0.0021 SBD. From a start-to-finish perspective, comparing the January average rate of 0.0206 to the December average rate of 0.0197, the exchange rate registered a net change of -4.71% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0214 was down 8.37% compared to the 2020 peak of 0.0234, 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 21,402 SBD
2020 Average 21,661 SBD
Yearly Trough Low 19,294 SBD
Transaction Impact: A difference of 2,108.64 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0208
0.0193
JanuMarcMayJulySeptNove

NGN to SBD 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 0.0202, compared to 0.0196 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0006 points.

H1 Avg (JanтАУJun) 0.0202
H2 Avg (JulтАУDec) 0.0196

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0021 SBD (High: 0.0214 / Low: 0.0194). On the other end, August was the most stable month, with a tight range of 0.0001 SBD (High: 0.0196 / Low: 0.0195).

March Spread (Volatile) ┬▒0.0021
August Spread (Stable) ┬▒0.0001

Growth Streaks & Declines

Trends

Between June and October, 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 0.0007 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0206) against the same month in 2020 (average: 0.0223), the exchange rate shifted by -0.0018 (-7.95%).

2021 Avg (March) 0.0206
2020 Avg (March) 0.0223

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Month High Low Average
January 0.0211 0.0201 0.0206
February 0.0211 0.0194 0.0205
March 0.0214 0.0194 0.0206
April 0.0210 0.0195 0.0205
May 0.0210 0.0193 0.0197
June 0.0196 0.0193 0.0194
July 0.0196 0.0195 0.0196
August 0.0196 0.0195 0.0196
September 0.0196 0.0195 0.0196
October 0.0196 0.0195 0.0196
November 0.0197 0.0195 0.0196
December 0.0198 0.0196 0.0197