YEARLY HIGH
0.0045 AZN
YEARLY LOW
0.0041 AZN
YEARLY AVERAGE
0.0042 AZN

2021 NGN to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 0.0045. Conversely, the yearly low was recorded on December 18, dropping to 0.0041.

This high-to-low spread represents a total annual volatility of 0.0004 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0044 to the December average rate of 0.0041, the exchange rate registered a net change of -5.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0045 was down 4.89% compared to the 2020 peak of 0.0047, 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 4,482 AZN
2020 Average 4,480 AZN
Yearly Trough Low 4,110 AZN
Transaction Impact: A difference of 372.10 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0044
0.0041
JanuMarcMayJulySeptNove

NGN to AZN 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 0.0043, compared to 0.0041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0043
H2 Avg (Jul–Dec) 0.0041

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0004 AZN (High: 0.0045 / Low: 0.0041). On the other end, August was the most stable month, with a tight range of 0.0000 AZN (High: 0.0041 / Low: 0.0041).

May Spread (Volatile) ±0.0004
August Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between September and November, 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 April and May, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0044) against the same month in 2020 (average: 0.0044), the exchange rate shifted by -0.0001 (-1.53%).

2021 Avg (April) 0.0044
2020 Avg (April) 0.0044

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0045 0.0043 0.0044
February 0.0045 0.0041 0.0044
March 0.0045 0.0041 0.0044
April 0.0045 0.0041 0.0044
May 0.0045 0.0041 0.0042
June 0.0041 0.0041 0.0041
July 0.0041 0.0041 0.0041
August 0.0041 0.0041 0.0041
September 0.0041 0.0041 0.0041
October 0.0041 0.0041 0.0041
November 0.0041 0.0041 0.0041
December 0.0042 0.0041 0.0041