YEARLY HIGH
59.2254 NGN
YEARLY LOW
24.7406 NGN
YEARLY AVERAGE
46.6440 NGN

2021 TRY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 59.2254. Conversely, the yearly low was recorded on December 19, dropping to 24.7406.

This high-to-low spread represents a total annual volatility of 34.4848 NGN. From a start-to-finish perspective, comparing the January average rate of 52.4079 to the December average rate of 30.9536, the exchange rate registered a net change of -40.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 59.2254 was down 4.21% compared to the 2020 peak of 61.8299, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 2,961,268 NGN
2020 Average 2,728,479 NGN
Yearly Trough Low 1,237,028 NGN
Transaction Impact: A difference of 1,724,239.60 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

57.3055
28.5579
JanuMarcMayJulySeptNove

TRY 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 50.2282, compared to 43.0598 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 7.1684 points.

H1 Avg (JanтАУJun) 50.2282
H2 Avg (JulтАУDec) 43.0598

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 13.6822 NGN (High: 38.4228 / Low: 24.7406). On the other end, July was the most stable month, with a tight range of 1.4405 NGN (High: 48.6716 / Low: 47.2311).

December Spread (Volatile) ┬▒13.6822
July Spread (Stable) ┬▒1.4405

Growth Streaks & Declines

Trends

Between June and August, 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 November and December, when the average rate fell by 7.5044 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -7.5044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 54.9099) against the same month in 2020 (average: 60.0147), the exchange rate shifted by -5.1048 (-8.51%).

2021 Avg (February) 54.9099
2020 Avg (February) 60.0147

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 53.7316 51.0383 52.4079
February 59.2254 51.3218 54.9099
March 54.0273 46.7307 50.4899
April 50.8662 45.2613 47.7532
May 49.5623 44.6828 48.1787
June 49.1952 46.8031 47.6296
July 48.6716 47.2311 47.8424
August 49.4456 47.5435 48.5399
September 49.7046 46.1212 48.0426
October 46.6057 42.2665 44.5225
November 43.1935 30.3476 38.4580
December 38.4228 24.7406 30.9536