YEARLY HIGH
113.7081 NGN
YEARLY LOW
99.2558 NGN
YEARLY AVERAGE
104.0539 NGN

2021 PEN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 113.7081. Conversely, the yearly low was recorded on October 2, dropping to 99.2558.

This high-to-low spread represents a total annual volatility of 14.4523 NGN. From a start-to-finish perspective, comparing the January average rate of 106.9189 to the December average rate of 101.6998, the exchange rate registered a net change of -4.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 113.7081 was down 1.75% compared to the 2020 peak of 115.7392, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 568,540 NGN
2020 Average 544,295 NGN
Yearly Trough Low 496,279 NGN
Transaction Impact: A difference of 72,261.52 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

107.9679
99.4783
JanuMarcMayJulySeptNove

PEN 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 106.1384, compared to 101.9695 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 4.1689 points.

H1 Avg (JanтАУJun) 106.1384
H2 Avg (JulтАУDec) 101.9695

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 14.1664 NGN (High: 113.7081 / Low: 99.5417). On the other end, September was the most stable month, with a tight range of 1.2760 NGN (High: 100.7429 / Low: 99.4669).

April Spread (Volatile) ┬▒14.1664
September Spread (Stable) ┬▒1.2760

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 3.5192 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -3.5192

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 105.9072) against the same month in 2020 (average: 113.1838), the exchange rate shifted by -7.2767 (-6.43%).

2021 Avg (April) 105.9072
2020 Avg (April) 113.1838

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Month High Low Average
January 109.3472 104.6048 106.9189
February 112.7456 104.3121 106.9472
March 110.7802 101.8357 104.6699
April 113.7081 99.5417 105.9072
May 112.6351 99.3268 107.2604
June 107.8776 102.8842 105.1266
July 106.2701 103.2461 104.4421
August 104.8505 100.0722 100.9229
September 100.7429 99.4669 100.1857
October 104.8087 99.2558 102.3178
November 103.1997 100.8207 102.2487
December 104.1122 100.5962 101.6998