YEARLY HIGH
0.0404 TRY
YEARLY LOW
0.0169 TRY
YEARLY AVERAGE
0.0220 TRY

2021 NGN to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 0.0404. Conversely, the yearly low was recorded on February 20, dropping to 0.0169.

This high-to-low spread represents a total annual volatility of 0.0235 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0191 to the December average rate of 0.0327, the exchange rate registered a net change of 71.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0404 was up 81.12% compared to the 2020 peak of 0.0223, 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 40,419 TRY
2020 Average 18,452 TRY
Yearly Trough Low 16,885 TRY
Transaction Impact: A difference of 23,534.79 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0342
0.0168
JanuMarcMayJulySeptNove

NGN to TRY 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 0.0200, compared to 0.0240 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0040 points.

H1 Avg (JanтАУJun) 0.0200
H2 Avg (JulтАУDec) 0.0240

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0144 TRY (High: 0.0404 / Low: 0.0260). On the other end, July was the most stable month, with a tight range of 0.0006 TRY (High: 0.0212 / Low: 0.0205).

December Spread (Volatile) ┬▒0.0144
July Spread (Stable) ┬▒0.0006

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 January and February, when the average rate fell by 0.0009 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.0327) against the same month in 2020 (average: 0.0201), the exchange rate shifted by +0.0127 (+63.07%).

2021 Avg (December) 0.0327
2020 Avg (December) 0.0201

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 0.0196 0.0186 0.0191
February 0.0195 0.0169 0.0182
March 0.0214 0.0185 0.0198
April 0.0221 0.0197 0.0210
May 0.0224 0.0202 0.0208
June 0.0214 0.0203 0.0210
July 0.0212 0.0205 0.0209
August 0.0210 0.0202 0.0206
September 0.0217 0.0201 0.0208
October 0.0237 0.0215 0.0225
November 0.0330 0.0232 0.0263
December 0.0404 0.0260 0.0327