2021 NGN to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 NGN to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the NGN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 12, valuing the pair at 6.1347. Conversely, the yearly low was recorded on February 20, dropping to 1.2432.
This high-to-low spread represents a total annual volatility of 4.8915 SYP. From a start-to-finish perspective, comparing the January average rate of 1.3226 to the December average rate of 6.1097, the exchange rate registered a net change of 361.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 6.1347 was up 330.40% compared to the 2020 peak of 1.4254, 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 SYP 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 2.3182, compared to 3.7700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4518 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was November, with a trading range of 3.0825 SYP (High: 6.1298 / Low: 3.0474). On the other end, August was the most stable month, with a tight range of 0.0077 SYP (High: 3.0610 / Low: 3.0533).
Growth Streaks & Declines
TrendsBetween 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 0.1072 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 6.1097) against the same month in 2020 (average: 1.3362), the exchange rate shifted by +4.7735 (+357.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3478 | 1.2940 | 1.3226 |
| February | 1.3496 | 1.2432 | 1.3157 |
| March | 3.3068 | 1.2478 | 1.8770 |
| April | 3.3139 | 3.0595 | 3.2215 |
| May | 3.3096 | 3.0450 | 3.1143 |
| June | 3.0681 | 3.0466 | 3.0579 |
| July | 3.0677 | 3.0543 | 3.0585 |
| August | 3.0610 | 3.0533 | 3.0558 |
| September | 3.0659 | 3.0479 | 3.0555 |
| October | 3.0643 | 3.0469 | 3.0589 |
| November | 6.1298 | 3.0474 | 4.2814 |
| December | 6.1347 | 6.0709 | 6.1097 |