2021 NGN to YER Historical Review

YEARLY HIGH

0.6598 YER

YEARLY LOW

0.6047 YER

YEARLY AVERAGE

0.6213 YER

2021 NGN to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 0.6598. Conversely, the yearly low was recorded on December 18, dropping to 0.6047.

This high-to-low spread represents a total annual volatility of 0.0551 YER. From a start-to-finish perspective, comparing the January average rate of 0.6457 to the December average rate of 0.6085, the exchange rate registered a net change of -5.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6598 was down 4.78% compared to the 2020 peak of 0.6929, 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 659,816 YER

2020 Average 658,707 YER

Yearly Trough Low 604,671 YER

Transaction Impact: A difference of 55,144.39 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6495

0.6042

JanuMarcMayJulySeptNove

NGN to YER 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 0.6337, compared to 0.6088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0250 points.

H1 Avg (Jan–Jun) 0.6337

H2 Avg (Jul–Dec) 0.6088

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0529 YER (High: 0.6582 / Low: 0.6053). On the other end, July was the most stable month, with a tight range of 0.0030 YER (High: 0.6106 / Low: 0.6076).

May Spread (Volatile) ±0.0529

July Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0219 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0219

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.6414) against the same month in 2020 (average: 0.6506), the exchange rate shifted by -0.0092 (-1.41%).

2021 Avg (April) 0.6414

2020 Avg (April) 0.6506

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6581	0.6312	0.6457
February	0.6589	0.6071	0.6424
March	0.6589	0.6092	0.6456
April	0.6598	0.6092	0.6414
May	0.6582	0.6053	0.6194
June	0.6104	0.6057	0.6080
July	0.6106	0.6076	0.6085
August	0.6103	0.6069	0.6083
September	0.6114	0.6081	0.6095
October	0.6101	0.6063	0.6088
November	0.6105	0.6065	0.6090
December	0.6110	0.6047	0.6085