2021 NGN to AFN Historical Review

YEARLY HIGH

0.2861 AFN

YEARLY LOW

0.1872 AFN

YEARLY AVERAGE

0.2067 AFN

2021 NGN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 0.2861. Conversely, the yearly low was recorded on February 20, dropping to 0.1872.

This high-to-low spread represents a total annual volatility of 0.0989 AFN. From a start-to-finish perspective, comparing the January average rate of 0.1994 to the December average rate of 0.2478, the exchange rate registered a net change of 24.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2861 was up 32.68% compared to the 2020 peak of 0.2156, 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 286,079 AFN

2020 Average 202,200 AFN

Yearly Trough Low 187,184 AFN

Transaction Impact: A difference of 98,894.92 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2535

0.1857

JanuMarcMayJulySeptNove

NGN to AFN 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: Jan–Jun) was 0.1968, compared to 0.2166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0199 points.

H1 Avg (Jan–Jun) 0.1968

H2 Avg (Jul–Dec) 0.2166

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0523 AFN (High: 0.2861 / Low: 0.2338). On the other end, June was the most stable month, with a tight range of 0.0038 AFN (High: 0.1938 / Low: 0.1900).

December Spread (Volatile) ±0.0523

June Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0064 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.2478) against the same month in 2020 (average: 0.2008), the exchange rate shifted by +0.0470 (+23.42%).

2021 Avg (December) 0.2478

2020 Avg (December) 0.2008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2035	0.1948	0.1994
February	0.2034	0.1872	0.1984
March	0.2044	0.1892	0.1997
April	0.2045	0.1887	0.1990
May	0.2042	0.1874	0.1926
June	0.1938	0.1900	0.1913
July	0.1996	0.1924	0.1945
August	0.2096	0.1939	0.2020
September	0.2159	0.2058	0.2106
October	0.2212	0.2165	0.2192
November	0.2347	0.2198	0.2257
December	0.2861	0.2338	0.2478