2021 NGN to MGA Historical Review

YEARLY HIGH

10.1137 MGA

YEARLY LOW

9.0799 MGA

YEARLY AVERAGE

9.5586 MGA

2021 NGN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 10.1137. Conversely, the yearly low was recorded on May 15, dropping to 9.0799.

This high-to-low spread represents a total annual volatility of 1.0338 MGA. From a start-to-finish perspective, comparing the January average rate of 9.8191 to the December average rate of 9.6476, the exchange rate registered a net change of -1.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 10.1137 was down 3.04% compared to the 2020 peak of 10.4305, 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 10,113,670 MGA

2020 Average 10,021,168 MGA

Yearly Trough Low 9,079,903 MGA

Transaction Impact: A difference of 1,033,767.09 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

9.8820

9.1273

JanuMarcMayJulySeptNove

NGN to MGA 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 9.5688, compared to 9.5484 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0204 points.

H1 Avg (Jan–Jun) 9.5688

H2 Avg (Jul–Dec) 9.5484

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.8535 MGA (High: 9.9334 / Low: 9.0799). On the other end, November was the most stable month, with a tight range of 0.0977 MGA (High: 9.7250 / Low: 9.6273).

May Spread (Volatile) ±0.8535

November Spread (Stable) ±0.0977

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 0.3939 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3939

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 9.8191) against the same month in 2020 (average: 10.1608), the exchange rate shifted by -0.3417 (-3.36%).

2021 Avg (January) 9.8191

2020 Avg (January) 10.1608

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.1137	9.5795	9.8191
February	9.9695	9.1550	9.6539
March	9.9868	9.2257	9.7301
April	9.9909	9.2337	9.7067
May	9.9334	9.0799	9.3128
June	9.3635	9.0885	9.1902
July	9.5382	9.1528	9.3355
August	9.5286	9.2100	9.4535
September	9.6664	9.4719	9.5465
October	9.6824	9.5239	9.6255
November	9.7250	9.6273	9.6821
December	9.7200	9.5014	9.6476