2021 QAR to NGN Historical Review

YEARLY HIGH

113.6673 NGN

YEARLY LOW

104.2296 NGN

YEARLY AVERAGE

110.6680 NGN

2021 QAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the QAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 113.6673. Conversely, the yearly low was recorded on April 27, dropping to 104.2296.

This high-to-low spread represents a total annual volatility of 9.4376 NGN. From a start-to-finish perspective, comparing the January average rate of 106.4766 to the December average rate of 112.9384, the exchange rate registered a net change of 6.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 113.6673 was up 4.80% compared to the 2020 peak of 108.4593, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 QAR based on timing:

Yearly Peak High 568,336 NGN

2020 Average 522,195 NGN

Yearly Trough Low 521,148 NGN

Transaction Impact: A difference of 47,188.25 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

113.5846

105.8305

JanuMarcMayJulySeptNove

QAR to NGN 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 108.5584, compared to 112.7776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.2192 points.

H1 Avg (Jan–Jun) 108.5584

H2 Avg (Jul–Dec) 112.7776

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 9.0634 NGN (High: 113.4304 / Low: 104.3669). On the other end, December was the most stable month, with a tight range of 1.0885 NGN (High: 113.6669 / Low: 112.5784).

May Spread (Volatile) ±9.0634

December Spread (Stable) ±1.0885

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 0.5460 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5460

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2021: 112.7486) against the same month in 2020 (average: 105.3785), the exchange rate shifted by +7.3701 (+6.99%).

2021 Avg (September) 112.7486

2020 Avg (September) 105.3785

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	108.9462	104.5114	106.4766
February	113.2732	104.3773	107.0865
March	112.7576	104.3669	106.5405
April	112.7565	104.2296	107.3212
May	113.4304	104.3669	110.9982
June	113.3784	112.2618	112.9273
July	113.0575	111.1725	112.7717
August	113.0811	111.1835	112.5077
September	113.6673	111.6422	112.7486
October	113.3144	112.0676	112.8605
November	113.3288	112.2009	112.8386
December	113.6669	112.5784	112.9384