YEARLY HIGH
50.2426 NGN
YEARLY LOW
43.9490 NGN
YEARLY AVERAGE
46.9178 NGN

2021 NOK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 16, valuing the pair at 50.2426. Conversely, the yearly low was recorded on March 23, dropping to 43.9490.

This high-to-low spread represents a total annual volatility of 6.2936 NGN. From a start-to-finish perspective, comparing the January average rate of 45.5100 to the December average rate of 45.8389, the exchange rate registered a net change of 0.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 50.2426 was up 10.04% compared to the 2020 peak of 45.6567, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 251,213 NGN
2020 Average 202,579 NGN
Yearly Trough Low 219,745 NGN
Transaction Impact: A difference of 31,467.78 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

49.1113
45.1826
JanuMarcMayJulySeptNove

NOK to NGN 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 46.8070, compared to 47.0285 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.2215 points.

H1 Avg (JanтАУJun) 46.8070
H2 Avg (JulтАУDec) 47.0285

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 4.7669 NGN (High: 50.2426 / Low: 45.4757). On the other end, September was the most stable month, with a tight range of 1.0997 NGN (High: 48.0258 / Low: 46.9261).

May Spread (Volatile) ┬▒4.7669
September Spread (Stable) ┬▒1.0997

Growth Streaks & Declines

Trends

Between March and June, 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 June and July, when the average rate fell by 1.9073 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.9073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 48.6572) against the same month in 2020 (average: 38.5758), the exchange rate shifted by +10.0814 (+26.13%).

2021 Avg (May) 48.6572
2020 Avg (May) 38.5758

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 47.0612 44.4529 45.5100
February 48.7284 44.0102 45.8372
March 48.2225 43.9490 45.5125
April 49.3059 44.6515 46.5413
May 50.2426 45.4757 48.6572
June 49.9135 47.2726 48.7839
July 48.0463 45.6773 46.8765
August 47.4847 45.5174 46.4826
September 48.0258 46.9261 47.5137
October 49.4072 47.5869 48.5529
November 48.9523 45.1682 46.9066
December 47.0302 44.6657 45.8389