2021 NGN to GNF Historical Review

YEARLY HIGH

27.0420 GNF

YEARLY LOW

22.6315 GNF

YEARLY AVERAGE

24.4399 GNF

2021 NGN to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 27.0420. Conversely, the yearly low was recorded on December 21, dropping to 22.6315.

This high-to-low spread represents a total annual volatility of 4.4106 GNF. From a start-to-finish perspective, comparing the January average rate of 26.3192 to the December average rate of 22.8910, the exchange rate registered a net change of -13.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 27.0420 was up 2.62% compared to the 2020 peak of 26.3506, 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 27,042,032 GNF

2020 Average 25,311,405 GNF

Yearly Trough Low 22,631,459 GNF

Transaction Impact: A difference of 4,410,572.95 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

26.6620

22.5482

JanuMarcMayJulySeptNove

NGN to GNF 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 25.3689, compared to 23.5109 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8580 points.

H1 Avg (Jan–Jun) 25.3689

H2 Avg (Jul–Dec) 23.5109

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 2.4027 GNF (High: 27.0420 / Low: 24.6393). On the other end, September was the most stable month, with a tight range of 0.1245 GNF (High: 23.8126 / Low: 23.6881).

February Spread (Volatile) ±2.4027

September Spread (Stable) ±0.1245

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.1067 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -1.1067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 26.0977) against the same month in 2020 (average: 26.0153), the exchange rate shifted by +0.0824 (+0.32%).

2021 Avg (February) 26.0977

2020 Avg (February) 26.0153

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	26.9441	25.2125	26.3192
February	27.0420	24.6393	26.0977
March	26.6157	24.4778	25.9633
April	26.3117	24.3517	25.5356
May	26.0710	23.7644	24.4289
June	23.9678	23.7546	23.8690
July	24.0122	23.7226	23.8506
August	23.8344	23.7039	23.7622
September	23.8126	23.6881	23.7561
October	23.7846	23.4100	23.6214
November	23.4018	22.9132	23.1840
December	23.1325	22.6315	22.8910