YEARLY HIGH
0.3729 NGN
YEARLY LOW
0.3334 NGN
YEARLY AVERAGE
0.3524 NGN

2021 KRW to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the KRW to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.3729. Conversely, the yearly low was recorded on March 8, dropping to 0.3334.

This high-to-low spread represents a total annual volatility of 0.0395 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3527 to the December average rate of 0.3472, the exchange rate registered a net change of -1.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.3729 was up 3.87% compared to the 2020 peak of 0.3590, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,864,434 NGN
2020 Average 1,614,223 NGN
Yearly Trough Low 1,667,061 NGN
Transaction Impact: A difference of 197,372.58 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.3686
0.3410
JanuMarcMayJulySeptNove

KRW 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 0.3538, compared to 0.3510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.3538
H2 Avg (Jul–Dec) 0.3510

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0346 NGN (High: 0.3718 / Low: 0.3373). On the other end, December was the most stable month, with a tight range of 0.0053 NGN (High: 0.3503 / Low: 0.3450).

May Spread (Volatile) ±0.0346
December Spread (Stable) ±0.0053

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 0.0073 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.3507) against the same month in 2020 (average: 0.3047), the exchange rate shifted by +0.0460 (+15.09%).

2021 Avg (February) 0.3507
2020 Avg (February) 0.3047

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3654 0.3402 0.3527
February 0.3729 0.3388 0.3507
March 0.3639 0.3334 0.3433
April 0.3681 0.3372 0.3492
May 0.3718 0.3373 0.3603
June 0.3716 0.3612 0.3663
July 0.3640 0.3564 0.3592
August 0.3600 0.3497 0.3546
September 0.3561 0.3458 0.3509
October 0.3530 0.3433 0.3477
November 0.3501 0.3428 0.3464
December 0.3503 0.3450 0.3472