2021 NGN to INR Historical Review

YEARLY HIGH

0.1982 INR

YEARLY LOW

0.1753 INR

YEARLY AVERAGE

0.1834 INR

2021 NGN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 0.1982. Conversely, the yearly low was recorded on May 30, dropping to 0.1753.

This high-to-low spread represents a total annual volatility of 0.0230 INR. From a start-to-finish perspective, comparing the January average rate of 0.1885 to the December average rate of 0.1834, the exchange rate registered a net change of -2.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1982 was down 4.83% compared to the 2020 peak of 0.2083, 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 198,240 INR

2020 Average 194,994 INR

Yearly Trough Low 175,288 INR

Transaction Impact: A difference of 22,952.03 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1920

0.1776

JanuMarcMayJulySeptNove

NGN to INR 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 0.1857, compared to 0.1812 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.1857

H2 Avg (Jul–Dec) 0.1812

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0192 INR (High: 0.1982 / Low: 0.1790). On the other end, July was the most stable month, with a tight range of 0.0022 INR (High: 0.1826 / Low: 0.1804).

April Spread (Volatile) ±0.0192

July Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between February and April, 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 0.0095 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.1908) against the same month in 2020 (average: 0.1981), the exchange rate shifted by -0.0073 (-3.69%).

2021 Avg (April) 0.1908

2020 Avg (April) 0.1981

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1919	0.1843	0.1885
February	0.1931	0.1760	0.1869
March	0.1927	0.1762	0.1877
April	0.1982	0.1790	0.1908
May	0.1941	0.1753	0.1813
June	0.1813	0.1765	0.1790
July	0.1826	0.1804	0.1812
August	0.1810	0.1775	0.1801
September	0.1806	0.1774	0.1788
October	0.1836	0.1805	0.1823
November	0.1831	0.1793	0.1812
December	0.1856	0.1806	0.1834