2021 NGN to CNY Historical Review

YEARLY HIGH

0.0172 CNY

YEARLY LOW

0.0154 CNY

YEARLY AVERAGE

0.0160 CNY

2021 NGN to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on April 2, valuing the pair at 0.0172. Conversely, the yearly low was recorded on December 18, dropping to 0.0154.

This high-to-low spread represents a total annual volatility of 0.0018 CNY. From a start-to-finish perspective, comparing the January average rate of 0.0167 to the December average rate of 0.0155, the exchange rate registered a net change of -7.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0172 was down 11.78% compared to the 2020 peak of 0.0195, 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 17,238 CNY

2020 Average 18,161 CNY

Yearly Trough Low 15,405 CNY

Transaction Impact: A difference of 1,832.85 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0169

0.0154

JanuMarcMayJulySeptNove

NGN to CNY 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 0.0164, compared to 0.0156 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0164

H2 Avg (Jul–Dec) 0.0156

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0016 CNY (High: 0.0170 / Low: 0.0154). On the other end, September was the most stable month, with a tight range of 0.0001 CNY (High: 0.0157 / Low: 0.0156).

May Spread (Volatile) ±0.0016

September Spread (Stable) ±0.0001

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 April and May, when the average rate fell by 0.0008 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0167) against the same month in 2020 (average: 0.0184), the exchange rate shifted by -0.0017 (-9.06%).

2021 Avg (April) 0.0167

2020 Avg (April) 0.0184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0170	0.0163	0.0167
February	0.0170	0.0157	0.0166
March	0.0172	0.0158	0.0168
April	0.0172	0.0159	0.0167
May	0.0170	0.0154	0.0159
June	0.0158	0.0155	0.0156
July	0.0158	0.0157	0.0158
August	0.0158	0.0157	0.0157
September	0.0157	0.0156	0.0157
October	0.0157	0.0155	0.0156
November	0.0156	0.0155	0.0155
December	0.0156	0.0154	0.0155