2021 NGN to KPW Historical Review

YEARLY HIGH

2.3715 KPW

YEARLY LOW

2.1746 KPW

YEARLY AVERAGE

2.2336 KPW

2021 NGN to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 2.3715. Conversely, the yearly low was recorded on December 18, dropping to 2.1746.

This high-to-low spread represents a total annual volatility of 0.1969 KPW. From a start-to-finish perspective, comparing the January average rate of 2.3209 to the December average rate of 2.1886, the exchange rate registered a net change of -5.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.3715 was down 4.80% compared to the 2020 peak of 2.4910, 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 2,371,542 KPW

2020 Average 2,368,158 KPW

Yearly Trough Low 2,174,642 KPW

Transaction Impact: A difference of 196,899.08 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.3343

2.1734

JanuMarcMayJulySeptNove

NGN to KPW 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 2.2788, compared to 2.1885 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0904 points.

H1 Avg (Jan–Jun) 2.2788

H2 Avg (Jul–Dec) 2.1885

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.1892 KPW (High: 2.3684 / Low: 2.1792). On the other end, August was the most stable month, with a tight range of 0.0055 KPW (High: 2.1902 / Low: 2.1847).

May Spread (Volatile) ±0.1892

August Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between September and November, 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 0.0767 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0767

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 2.3054) against the same month in 2020 (average: 2.3389), the exchange rate shifted by -0.0335 (-1.43%).

2021 Avg (April) 2.3054

2020 Avg (April) 2.3389

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3653	2.2687	2.3209
February	2.3684	2.1822	2.3092
March	2.3684	2.1900	2.3206
April	2.3715	2.1896	2.3054
May	2.3684	2.1792	2.2287
June	2.1951	2.1802	2.1881
July	2.1951	2.1864	2.1888
August	2.1902	2.1847	2.1869
September	2.1942	2.1816	2.1868
October	2.1935	2.1814	2.1897
November	2.1958	2.1811	2.1900
December	2.1975	2.1746	2.1886