2021 SZL to NGN Historical Review

YEARLY HIGH

30.5866 NGN

YEARLY LOW

24.5020 NGN

YEARLY AVERAGE

27.3392 NGN

2021 SZL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SZL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 30.5866. Conversely, the yearly low was recorded on March 8, dropping to 24.5020.

This high-to-low spread represents a total annual volatility of 6.0847 NGN. From a start-to-finish perspective, comparing the January average rate of 25.6959 to the December average rate of 25.9050, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 30.5866 was up 13.45% compared to the 2020 peak of 26.9601, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 152,933 NGN

2020 Average 116,108 NGN

Yearly Trough Low 122,510 NGN

Transaction Impact: A difference of 30,423.26 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

30.0924

25.2962

JanuMarcMayJulySeptNove

SZL 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 27.2477, compared to 27.4307 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1830 points.

H1 Avg (Jan–Jun) 27.2477

H2 Avg (Jul–Dec) 27.4307

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 3.5774 NGN (High: 29.9456 / Low: 26.3681). On the other end, December was the most stable month, with a tight range of 1.0432 NGN (High: 26.4742 / Low: 25.4310).

May Spread (Volatile) ±3.5774

December Spread (Stable) ±1.0432

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 June and July, when the average rate fell by 1.3019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 29.6928) against the same month in 2020 (average: 22.6262), the exchange rate shifted by +7.0666 (+31.23%).

2021 Avg (June) 29.6928

2020 Avg (June) 22.6262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.0274	25.0460	25.6959
February	28.0655	25.2820	26.4006
March	27.9495	24.5020	25.8970
April	28.8222	25.9370	27.0549
May	29.9456	26.3681	28.7451
June	30.5866	28.7417	29.6928
July	29.0197	27.6558	28.3908
August	28.6341	26.8896	27.7995
September	29.1940	27.1005	28.3157
October	28.3922	27.0379	27.6470
November	27.5080	25.5127	26.5263
December	26.4742	25.4310	25.9050