2021 NGN to LRD Historical Review

YEARLY HIGH

0.4576 LRD

YEARLY LOW

0.3431 LRD

YEARLY AVERAGE

0.4130 LRD

2021 NGN to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 4, valuing the pair at 0.4576. Conversely, the yearly low was recorded on December 18, dropping to 0.3431.

This high-to-low spread represents a total annual volatility of 0.1145 LRD. From a start-to-finish perspective, comparing the January average rate of 0.4340 to the December average rate of 0.3467, the exchange rate registered a net change of -20.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4576 was down 15.77% compared to the 2020 peak of 0.5433, 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 457,632 LRD

2020 Average 504,449 LRD

Yearly Trough Low 343,110 LRD

Transaction Impact: A difference of 114,521.25 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4577

0.3367

JanuMarcMayJulySeptNove

NGN to LRD 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 0.4348, compared to 0.3911 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0436 points.

H1 Avg (Jan–Jun) 0.4348

H2 Avg (Jul–Dec) 0.3911

Volatility Range Comparison

Volatility

The most volatile month in 2021 was October, with a trading range of 0.0477 LRD (High: 0.4163 / Low: 0.3686). On the other end, August was the most stable month, with a tight range of 0.0012 LRD (High: 0.4178 / Low: 0.4166).

October Spread (Volatile) ±0.0477

August Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0441 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0441

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.4476) against the same month in 2020 (average: 0.5336), the exchange rate shifted by -0.0861 (-16.13%).

2021 Avg (March) 0.4476

2020 Avg (March) 0.5336

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4481	0.4140	0.4340
February	0.4551	0.4195	0.4428
March	0.4576	0.4222	0.4476
April	0.4541	0.4197	0.4422
May	0.4522	0.4156	0.4255
June	0.4180	0.4151	0.4167
July	0.4184	0.4168	0.4173
August	0.4178	0.4166	0.4172
September	0.4181	0.4145	0.4167
October	0.4163	0.3686	0.3965
November	0.3641	0.3445	0.3524
December	0.3530	0.3431	0.3467