2021 NGN to CVE Historical Review

YEARLY HIGH

0.2474 CVE

YEARLY LOW

0.2191 CVE

YEARLY AVERAGE

0.2322 CVE

2021 NGN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.2474. Conversely, the yearly low was recorded on May 25, dropping to 0.2191.

This high-to-low spread represents a total annual volatility of 0.0283 CVE. From a start-to-finish perspective, comparing the January average rate of 0.2346 to the December average rate of 0.2383, the exchange rate registered a net change of 1.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.2474 was down 64.69% compared to the 2020 peak of 0.7008, 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 247,434 CVE

2020 Average 256,781 CVE

Yearly Trough Low 219,091 CVE

Transaction Impact: A difference of 28,343.30 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.2417

0.2220

JanuMarcMayJulySeptNove

NGN to CVE 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 0.2327, compared to 0.2317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.2327

H2 Avg (Jul–Dec) 0.2317

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0236 CVE (High: 0.2427 / Low: 0.2191). On the other end, October was the most stable month, with a tight range of 0.0026 CVE (High: 0.2331 / Low: 0.2305).

May Spread (Volatile) ±0.0236

October Spread (Stable) ±0.0026

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 0.0114 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0114

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.2400) against the same month in 2020 (average: 0.2843), the exchange rate shifted by -0.0443 (-15.58%).

2021 Avg (March) 0.2400

2020 Avg (March) 0.2843

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2397	0.2283	0.2346
February	0.2419	0.2213	0.2349
March	0.2474	0.2265	0.2400
April	0.2469	0.2248	0.2373
May	0.2427	0.2191	0.2259
June	0.2335	0.2195	0.2237
July	0.2291	0.2265	0.2278
August	0.2303	0.2265	0.2279
September	0.2321	0.2261	0.2281
October	0.2331	0.2305	0.2321
November	0.2408	0.2316	0.2358
December	0.2397	0.2363	0.2383