2021 NGN to ETB Historical Review

YEARLY HIGH

0.5505 ETB

YEARLY LOW

0.0978 ETB

YEARLY AVERAGE

0.1097 ETB

2021 NGN to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.5505. Conversely, the yearly low was recorded on February 20, dropping to 0.0978.

This high-to-low spread represents a total annual volatility of 0.4527 ETB. From a start-to-finish perspective, comparing the January average rate of 0.1016 to the December average rate of 0.1322, the exchange rate registered a net change of 30.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.5505 was up 433.83% compared to the 2020 peak of 0.1031, 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 550,472 ETB

2020 Average 91,891 ETB

Yearly Trough Low 97,794 ETB

Transaction Impact: A difference of 452,677.49 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1352

0.0986

JanuMarcMayJulySeptNove

NGN to ETB 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 0.1044, compared to 0.1151 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.1044

H2 Avg (Jul–Dec) 0.1151

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.4339 ETB (High: 0.5505 / Low: 0.1166). On the other end, July was the most stable month, with a tight range of 0.0017 ETB (High: 0.1078 / Low: 0.1062).

December Spread (Volatile) ±0.4339

July Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between 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 April and May, when the average rate fell by 0.0011 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.1322) against the same month in 2020 (average: 0.1008), the exchange rate shifted by +0.0313 (+31.08%).

2021 Avg (December) 0.1322

2020 Avg (December) 0.1008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1035	0.0996	0.1016
February	0.1059	0.0978	0.1022
March	0.1074	0.1000	0.1044
April	0.1106	0.1011	0.1067
May	0.1119	0.1025	0.1056
June	0.1070	0.1045	0.1058
July	0.1078	0.1062	0.1072
August	0.1110	0.1073	0.1097
September	0.1130	0.1106	0.1119
October	0.1152	0.1123	0.1138
November	0.1171	0.1149	0.1156
December	0.5505	0.1166	0.1322