2021 NGN to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NGN to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NGN to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 10, valuing the pair at 3.8628. Conversely, the yearly low was recorded on May 30, dropping to 3.5336.
This high-to-low spread represents a total annual volatility of 0.3292 IQD. From a start-to-finish perspective, comparing the January average rate of 3.7707 to the December average rate of 3.5507, the exchange rate registered a net change of -5.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 3.8628 was up 0.73% compared to the 2020 peak of 3.8347, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
NGN to IQD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3.6986, compared to 3.5490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1496 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 0.3292 IQD (High: 3.8628 / Low: 3.5336). On the other end, August was the most stable month, with a tight range of 0.0178 IQD (High: 3.5584 / Low: 3.5406).
Growth Streaks & Declines
TrendsBetween August and October, 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 0.1226 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 3.6167) against the same month in 2020 (average: 3.0592), the exchange rate shifted by +0.5575 (+18.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.8436 | 3.6915 | 3.7707 |
| February | 3.8487 | 3.5434 | 3.7482 |
| March | 3.8474 | 3.5533 | 3.7667 |
| April | 3.8488 | 3.5531 | 3.7393 |
| May | 3.8628 | 3.5336 | 3.6167 |
| June | 3.5622 | 3.5357 | 3.5497 |
| July | 3.5610 | 3.5423 | 3.5477 |
| August | 3.5584 | 3.5406 | 3.5462 |
| September | 3.5589 | 3.5398 | 3.5468 |
| October | 3.5583 | 3.5386 | 3.5512 |
| November | 3.5615 | 3.5378 | 3.5511 |
| December | 3.5624 | 3.5382 | 3.5507 |