2021 NGN to DJF Historical Review

YEARLY HIGH

0.4692 DJF

YEARLY LOW

0.4310 DJF

YEARLY AVERAGE

0.4418 DJF

2021 NGN to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 0.4692. Conversely, the yearly low was recorded on May 30, dropping to 0.4310.

This high-to-low spread represents a total annual volatility of 0.0382 DJF. From a start-to-finish perspective, comparing the January average rate of 0.4595 to the December average rate of 0.4330, the exchange rate registered a net change of -5.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4692 was down 4.76% compared to the 2020 peak of 0.4927, 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 469,210 DJF

2020 Average 468,438 DJF

Yearly Trough Low 430,991 DJF

Transaction Impact: A difference of 38,219.51 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4621

0.4299

JanuMarcMayJulySeptNove

NGN to DJF 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 0.4508, compared to 0.4329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0179 points.

H1 Avg (Jan–Jun) 0.4508

H2 Avg (Jul–Dec) 0.4329

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0374 DJF (High: 0.4684 / Low: 0.4310). On the other end, July was the most stable month, with a tight range of 0.0021 DJF (High: 0.4341 / Low: 0.4321).

May Spread (Volatile) ±0.0374

July Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between September and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0151 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0151

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.4558) against the same month in 2020 (average: 0.4626), the exchange rate shifted by -0.0068 (-1.47%).

2021 Avg (April) 0.4558

2020 Avg (April) 0.4626

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4679	0.4501	0.4595
February	0.4683	0.4324	0.4568
March	0.4685	0.4336	0.4590
April	0.4692	0.4335	0.4558
May	0.4684	0.4310	0.4408
June	0.4343	0.4312	0.4328
July	0.4341	0.4321	0.4328
August	0.4342	0.4319	0.4326
September	0.4339	0.4316	0.4325
October	0.4339	0.4314	0.4331
November	0.4343	0.4315	0.4332
December	0.4342	0.4313	0.4330