2021 NGN to DKK Historical Review

YEARLY HIGH

0.0166 DKK

YEARLY LOW

0.0147 DKK

YEARLY AVERAGE

0.0156 DKK

2021 NGN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 2, valuing the pair at 0.0166. Conversely, the yearly low was recorded on May 25, dropping to 0.0147.

This high-to-low spread represents a total annual volatility of 0.0019 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0158 to the December average rate of 0.0160, the exchange rate registered a net change of 1.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0166 was down 13.24% compared to the 2020 peak of 0.0191, 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 16,601 DKK

2020 Average 17,212 DKK

Yearly Trough Low 14,720 DKK

Transaction Impact: A difference of 1,881.37 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0162

0.0149

JanuMarcMayJulySeptNove

NGN to DKK 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 0.0156, 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 0.0001 points.

H1 Avg (Jan–Jun) 0.0156

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 DKK (High: 0.0163 / Low: 0.0147). On the other end, July was the most stable month, with a tight range of 0.0002 DKK (High: 0.0154 / Low: 0.0152).

May Spread (Volatile) ±0.0016

July Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0159) against the same month in 2020 (average: 0.0178), the exchange rate shifted by -0.0019 (-10.74%).

2021 Avg (April) 0.0159

2020 Avg (April) 0.0178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0162	0.0154	0.0158
February	0.0163	0.0149	0.0158
March	0.0166	0.0152	0.0161
April	0.0166	0.0151	0.0159
May	0.0163	0.0147	0.0152
June	0.0153	0.0148	0.0150
July	0.0154	0.0152	0.0153
August	0.0155	0.0152	0.0154
September	0.0156	0.0152	0.0154
October	0.0157	0.0155	0.0156
November	0.0162	0.0156	0.0159
December	0.0161	0.0159	0.0160