2021 NGN to JMD Historical Review

YEARLY HIGH

0.4031 JMD

YEARLY LOW

0.3546 JMD

YEARLY AVERAGE

0.3737 JMD

2021 NGN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.4031. Conversely, the yearly low was recorded on March 21, dropping to 0.3546.

This high-to-low spread represents a total annual volatility of 0.0485 JMD. From a start-to-finish perspective, comparing the January average rate of 0.3718 to the December average rate of 0.3754, the exchange rate registered a net change of 0.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4031 was up 2.81% 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 403,121 JMD

2020 Average 373,361 JMD

Yearly Trough Low 354,631 JMD

Transaction Impact: A difference of 48,490.60 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3864

0.3608

JanuMarcMayJulySeptNove

NGN to JMD 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 0.3761, compared to 0.3713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.3761

H2 Avg (Jul–Dec) 0.3713

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0445 JMD (High: 0.4031 / Low: 0.3586). On the other end, November was the most stable month, with a tight range of 0.0053 JMD (High: 0.3802 / Low: 0.3749).

April Spread (Volatile) ±0.0445

November Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.0110 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.3831) against the same month in 2020 (average: 0.3574), the exchange rate shifted by +0.0257 (+7.18%).

2021 Avg (April) 0.3831

2020 Avg (April) 0.3574

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3840	0.3604	0.3718
February	0.3957	0.3655	0.3843
March	0.3966	0.3546	0.3802
April	0.4031	0.3586	0.3831
May	0.4028	0.3603	0.3733
June	0.3669	0.3596	0.3637
July	0.3776	0.3618	0.3717
August	0.3769	0.3679	0.3739
September	0.3679	0.3572	0.3630
October	0.3761	0.3562	0.3657
November	0.3802	0.3749	0.3783
December	0.3790	0.3721	0.3754