2021 NGN to MRO Historical Review

YEARLY HIGH

0.9407 MRO

YEARLY LOW

0.0024 MRO

YEARLY AVERAGE

0.8651 MRO

2021 NGN to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 0.9407. Conversely, the yearly low was recorded on December 29, dropping to 0.0024.

This high-to-low spread represents a total annual volatility of 0.9383 MRO. From a start-to-finish perspective, comparing the January average rate of 0.9206 to the December average rate of 0.6169, the exchange rate registered a net change of -32.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.9407 was down 4.80% compared to the 2020 peak of 0.9881, 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 940,711 MRO

2020 Average 939,369 MRO

Yearly Trough Low 2,422 MRO

Transaction Impact: A difference of 938,288.73 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.9510

0.5865

JanuMarcMayJulySeptNove

NGN to MRO 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 0.9039, compared to 0.8262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0777 points.

H1 Avg (Jan–Jun) 0.9039

H2 Avg (Jul–Dec) 0.8262

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.8693 MRO (High: 0.8717 / Low: 0.0024). On the other end, August was the most stable month, with a tight range of 0.0022 MRO (High: 0.8688 / Low: 0.8666).

December Spread (Volatile) ±0.8693

August Spread (Stable) ±0.0022

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 November and December, when the average rate fell by 0.2518 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2518

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.9145) against the same month in 2020 (average: 0.9278), the exchange rate shifted by -0.0133 (-1.43%).

2021 Avg (April) 0.9145

2020 Avg (April) 0.9278

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9382	0.8999	0.9206
February	0.9395	0.8656	0.9160
March	0.9395	0.8687	0.9205
April	0.9407	0.8685	0.9145
May	0.9395	0.8644	0.8840
June	0.8707	0.8648	0.8679
July	0.8707	0.8673	0.8682
August	0.8688	0.8666	0.8675
September	0.8704	0.8654	0.8674
October	0.8701	0.8653	0.8686
November	0.8710	0.8652	0.8687
December	0.8717	0.0024	0.6169