2021 NGN to GMD Historical Review

YEARLY HIGH

0.1360 GMD

YEARLY LOW

0.1239 GMD

YEARLY AVERAGE

0.1278 GMD

2021 NGN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.1360. Conversely, the yearly low was recorded on June 9, dropping to 0.1239.

This high-to-low spread represents a total annual volatility of 0.0121 GMD. From a start-to-finish perspective, comparing the January average rate of 0.1332 to the December average rate of 0.1277, the exchange rate registered a net change of -4.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1360 was down 4.22% compared to the 2020 peak of 0.1420, 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 136,005 GMD

2020 Average 135,438 GMD

Yearly Trough Low 123,907 GMD

Transaction Impact: A difference of 12,098.61 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1341

0.1234

JanuMarcMayJulySeptNove

NGN to GMD 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 0.1299, compared to 0.1258 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.1299

H2 Avg (Jul–Dec) 0.1258

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.0108 GMD (High: 0.1356 / Low: 0.1247). On the other end, August was the most stable month, with a tight range of 0.0003 GMD (High: 0.1244 / Low: 0.1241).

February Spread (Volatile) ±0.0108

August Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0042 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.1332) against the same month in 2020 (average: 0.1413), the exchange rate shifted by -0.0080 (-5.70%).

2021 Avg (January) 0.1332

2020 Avg (January) 0.1413

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1360	0.1304	0.1332
February	0.1356	0.1247	0.1319
March	0.1352	0.1247	0.1323
April	0.1347	0.1243	0.1310
May	0.1347	0.1239	0.1268
June	0.1248	0.1239	0.1243
July	0.1247	0.1242	0.1244
August	0.1244	0.1241	0.1243
September	0.1268	0.1243	0.1250
October	0.1267	0.1248	0.1261
November	0.1278	0.1261	0.1271
December	0.1289	0.1272	0.1277