2021 NGN to SGD Historical Review

YEARLY HIGH

0.0035 SGD

YEARLY LOW

0.0032 SGD

YEARLY AVERAGE

0.0033 SGD

2021 NGN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0035. Conversely, the yearly low was recorded on May 30, dropping to 0.0032.

This high-to-low spread represents a total annual volatility of 0.0003 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0034 to the December average rate of 0.0033, the exchange rate registered a net change of -3.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0035 was down 10.84% compared to the 2020 peak of 0.0040, 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 3,549 SGD

2020 Average 3,630 SGD

Yearly Trough Low 3,204 SGD

Transaction Impact: A difference of 345.08 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0035

0.0032

JanuMarcMayJulySeptNove

NGN to SGD 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 0.0034, compared to 0.0033 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0034

H2 Avg (Jul–Dec) 0.0033

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0003 SGD (High: 0.0035 / Low: 0.0032). On the other end, October was the most stable month, with a tight range of 0.0000 SGD (High: 0.0033 / Low: 0.0033).

May Spread (Volatile) ±0.0003

October Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0035) against the same month in 2020 (average: 0.0038), the exchange rate shifted by -0.0004 (-9.41%).

2021 Avg (March) 0.0035

2020 Avg (March) 0.0038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0035	0.0033	0.0034
February	0.0035	0.0032	0.0034
March	0.0035	0.0033	0.0035
April	0.0035	0.0032	0.0034
May	0.0035	0.0032	0.0033
June	0.0033	0.0032	0.0032
July	0.0033	0.0033	0.0033
August	0.0033	0.0033	0.0033
September	0.0033	0.0033	0.0033
October	0.0033	0.0033	0.0033
November	0.0033	0.0033	0.0033
December	0.0033	0.0033	0.0033