2021 NGN to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NGN to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NGN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 2.1162. Conversely, the yearly low was recorded on May 16, dropping to 1.6944.
This high-to-low spread represents a total annual volatility of 0.4217 CLP. From a start-to-finish perspective, comparing the January average rate of 1.8661 to the December average rate of 2.0662, the exchange rate registered a net change of 10.72% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 2.1162 was down 10.40% compared to the 2020 peak of 2.3619, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
NGN to CLP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.8239, compared to 1.9447 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1208 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was February, with a trading range of 0.2214 CLP (High: 1.9396 / Low: 1.7182). On the other end, October was the most stable month, with a tight range of 0.0557 CLP (High: 2.0103 / Low: 1.9546).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0561 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 2.0662) against the same month in 2020 (average: 1.9033), the exchange rate shifted by +0.1629 (+8.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.9311 | 1.7910 | 1.8661 |
| February | 1.9396 | 1.7182 | 1.8539 |
| March | 1.9356 | 1.7357 | 1.8718 |
| April | 1.8822 | 1.7099 | 1.8157 |
| May | 1.8624 | 1.6944 | 1.7630 |
| June | 1.8259 | 1.7366 | 1.7728 |
| July | 1.8662 | 1.7877 | 1.8299 |
| August | 1.9179 | 1.8389 | 1.8979 |
| September | 1.9730 | 1.8639 | 1.9084 |
| October | 2.0103 | 1.9546 | 1.9823 |
| November | 2.0471 | 1.9299 | 1.9834 |
| December | 2.1162 | 2.0375 | 2.0662 |