2021 NGN to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NGN to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NGN to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 1.5381. Conversely, the yearly low was recorded on December 21, dropping to 1.4028.
This high-to-low spread represents a total annual volatility of 0.1352 SOS. From a start-to-finish perspective, comparing the January average rate of 1.4984 to the December average rate of 1.4143, the exchange rate registered a net change of -5.61% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 1.5381 was down 4.99% compared to the 2020 peak of 1.6188, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
NGN to SOS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.4721, compared to 1.4124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0597 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was May, with a trading range of 0.1331 SOS (High: 1.5375 / Low: 1.4043). On the other end, August was the most stable month, with a tight range of 0.0145 SOS (High: 1.4189 / Low: 1.4044).
Growth Streaks & Declines
TrendsBetween August and October, 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 0.0475 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2021: 1.4911) against the same month in 2020 (average: 1.6005), the exchange rate shifted by -0.1094 (-6.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.5348 | 1.4627 | 1.4984 |
| February | 1.5381 | 1.4050 | 1.4911 |
| March | 1.5375 | 1.4091 | 1.5004 |
| April | 1.5381 | 1.4087 | 1.4876 |
| May | 1.5375 | 1.4043 | 1.4401 |
| June | 1.4268 | 1.4076 | 1.4150 |
| July | 1.4268 | 1.4050 | 1.4114 |
| August | 1.4189 | 1.4044 | 1.4076 |
| September | 1.4217 | 1.4049 | 1.4109 |
| October | 1.4269 | 1.4059 | 1.4153 |
| November | 1.4275 | 1.4058 | 1.4148 |
| December | 1.4294 | 1.4028 | 1.4143 |