YEARLY HIGH
0.0019 XDR
YEARLY LOW
0.0017 XDR
YEARLY AVERAGE
0.0017 XDR

2021 NGN to XDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to XDR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.0019. Conversely, the yearly low was recorded on May 30, dropping to 0.0017.

This high-to-low spread represents a total annual volatility of 0.0002 XDR. From a start-to-finish perspective, comparing the January average rate of 0.0018 to the December average rate of 0.0017, the exchange rate registered a net change of -3.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0019 was down 8.66% compared to the 2020 peak of 0.0020, 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 1,853 XDR
2020 Average 1,890 XDR
Yearly Trough Low 1,676 XDR
Transaction Impact: A difference of 176.77 XDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0018
0.0017
JanuMarcMayJulySeptNove

NGN to XDR 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 0.0018, compared to 0.0017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0018
H2 Avg (Jul–Dec) 0.0017

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0002 XDR (High: 0.0018 / Low: 0.0017). On the other end, July was the most stable month, with a tight range of 0.0000 XDR (High: 0.0017 / Low: 0.0017).

May Spread (Volatile) ±0.0002
July Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 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 6 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0018) against the same month in 2020 (average: 0.0020), the exchange rate shifted by -0.0002 (-8.20%).

2021 Avg (March) 0.0018
2020 Avg (March) 0.0020

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0018 0.0017 0.0018
February 0.0018 0.0017 0.0018
March 0.0019 0.0017 0.0018
April 0.0018 0.0017 0.0018
May 0.0018 0.0017 0.0017
June 0.0017 0.0017 0.0017
July 0.0017 0.0017 0.0017
August 0.0017 0.0017 0.0017
September 0.0017 0.0017 0.0017
October 0.0017 0.0017 0.0017
November 0.0017 0.0017 0.0017
December 0.0017 0.0017 0.0017