2021 NGN to ISK Historical Review

YEARLY HIGH

0.3411 ISK

YEARLY LOW

0.2912 ISK

YEARLY AVERAGE

0.3152 ISK

2021 NGN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.3411. Conversely, the yearly low was recorded on June 2, dropping to 0.2912.

This high-to-low spread represents a total annual volatility of 0.0499 ISK. From a start-to-finish perspective, comparing the January average rate of 0.3315 to the December average rate of 0.3164, the exchange rate registered a net change of -4.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3411 was down 13.02% compared to the 2020 peak of 0.3921, 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 341,079 ISK

2020 Average 355,846 ISK

Yearly Trough Low 291,196 ISK

Transaction Impact: A difference of 49,883.00 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3350

0.2934

JanuMarcMayJulySeptNove

NGN to ISK 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 0.3190, compared to 0.3115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0075 points.

H1 Avg (Jan–Jun) 0.3190

H2 Avg (Jul–Dec) 0.3115

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0390 ISK (High: 0.3311 / Low: 0.2921). On the other end, December was the most stable month, with a tight range of 0.0039 ISK (High: 0.3187 / Low: 0.3147).

May Spread (Volatile) ±0.0390

December Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0172 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.3292) against the same month in 2020 (average: 0.3475), the exchange rate shifted by -0.0184 (-5.29%).

2021 Avg (February) 0.3292

2020 Avg (February) 0.3475

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3402	0.3222	0.3315
February	0.3411	0.3113	0.3292
March	0.3371	0.3103	0.3283
April	0.3347	0.3068	0.3226
May	0.3311	0.2921	0.3054
June	0.3017	0.2912	0.2968
July	0.3070	0.2999	0.3024
August	0.3113	0.3004	0.3065
September	0.3175	0.3071	0.3114
October	0.3162	0.3105	0.3141
November	0.3234	0.3145	0.3180
December	0.3187	0.3147	0.3164