2021 NGN to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NGN to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NGN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 110.9486. Conversely, the yearly low was recorded on May 16, dropping to 101.9492.
This high-to-low spread represents a total annual volatility of 8.9995 IRR. From a start-to-finish perspective, comparing the January average rate of 108.5893 to the December average rate of 102.7712, the exchange rate registered a net change of -5.36% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 110.9486 was down 35.05% compared to the 2020 peak of 170.8116, 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 IRR 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 106.6156, compared to 102.6315 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9841 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 8.8535 IRR (High: 110.8026 / Low: 101.9492). On the other end, August was the most stable month, with a tight range of 0.3759 IRR (High: 102.6859 / Low: 102.3100).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 3.5877 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2021: 107.8549) against the same month in 2020 (average: 109.4207), the exchange rate shifted by -1.5658 (-1.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110.6570 | 106.1380 | 108.5893 |
| February | 110.8026 | 102.0906 | 108.0342 |
| March | 110.8026 | 102.4546 | 108.5727 |
| April | 110.9486 | 102.4378 | 107.8549 |
| May | 110.8026 | 101.9492 | 104.2672 |
| June | 102.7773 | 101.9959 | 102.3755 |
| July | 102.7988 | 102.2972 | 102.4754 |
| August | 102.6859 | 102.3100 | 102.4715 |
| September | 102.9308 | 102.2494 | 102.5422 |
| October | 102.9709 | 102.2701 | 102.7097 |
| November | 103.1374 | 102.3920 | 102.8188 |
| December | 103.2216 | 102.0874 | 102.7712 |