2021 SRD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2021.
2021 SRD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the SRD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 29.1790. Conversely, the yearly low was recorded on December 12, dropping to 18.9979.
This high-to-low spread represents a total annual volatility of 10.1812 NGN. From a start-to-finish perspective, comparing the January average rate of 27.4009 to the December average rate of 19.4182, the exchange rate registered a net change of -29.13% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2021 high of 29.1790 was down 44.41% compared to the 2020 peak of 52.4897, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2021.
SRD to NGN 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 26.7190, compared to 19.2733 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.4456 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was June, with a trading range of 9.9789 NGN (High: 29.1472 / Low: 19.1684). On the other end, August was the most stable month, with a tight range of 0.1648 NGN (High: 19.3382 / Low: 19.1734).
Growth Streaks & Declines
TrendsBetween March and May, 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 May and June, when the average rate fell by 6.7710 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2021: 28.5594) against the same month in 2020 (average: 52.1762), the exchange rate shifted by -23.6168 (-45.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.0274 | 26.8829 | 27.4009 |
| February | 29.1386 | 26.8475 | 27.5472 |
| March | 29.0351 | 26.8475 | 27.4146 |
| April | 29.0398 | 26.8122 | 27.6034 |
| May | 29.1790 | 26.8475 | 28.5594 |
| June | 29.1472 | 19.1684 | 21.7884 |
| July | 19.7215 | 19.2038 | 19.4366 |
| August | 19.3382 | 19.1734 | 19.2398 |
| September | 19.4157 | 19.1690 | 19.2549 |
| October | 19.2694 | 19.0780 | 19.1828 |
| November | 19.1843 | 19.0181 | 19.1078 |
| December | 21.1934 | 18.9979 | 19.4182 |