2021 NGN to AOA Historical Review

YEARLY HIGH

1.7309 AOA

YEARLY LOW

1.3365 AOA

YEARLY AVERAGE

1.5559 AOA

2021 NGN to AOA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to AOA exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 1.7309. Conversely, the yearly low was recorded on December 31, dropping to 1.3365.

This high-to-low spread represents a total annual volatility of 0.3944 AOA. From a start-to-finish perspective, comparing the January average rate of 1.6910 to the December average rate of 1.3707, the exchange rate registered a net change of -18.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.7309 was down 1.21% compared to the 2020 peak of 1.7521, 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 1,730,915 AOA

2020 Average 1,520,884 AOA

Yearly Trough Low 1,336,546 AOA

Transaction Impact: A difference of 394,368.89 AOA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.7231

1.3387

JanuMarcMayJulySeptNove

NGN to AOA 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 1.6321, compared to 1.4797 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1525 points.

H1 Avg (Jan–Jun) 1.6321

H2 Avg (Jul–Dec) 1.4797

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.1973 AOA (High: 1.7309 / Low: 1.5336). On the other end, October was the most stable month, with a tight range of 0.0113 AOA (High: 1.4592 / Low: 1.4479).

April Spread (Volatile) ±0.1973

October Spread (Stable) ±0.0113

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0713 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0713

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 1.6477) against the same month in 2020 (average: 1.4511), the exchange rate shifted by +0.1966 (+13.55%).

2021 Avg (April) 1.6477

2020 Avg (April) 1.4511

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7248	1.6490	1.6910
February	1.7269	1.5820	1.6724
March	1.6556	1.5014	1.6055
April	1.7309	1.5336	1.6477
May	1.7218	1.5550	1.6112
June	1.5807	1.5552	1.5650
July	1.5715	1.5520	1.5612
August	1.5526	1.5411	1.5480
September	1.5406	1.4565	1.5016
October	1.4592	1.4479	1.4544
November	1.4590	1.3788	1.4420
December	1.3875	1.3365	1.3707