2021 NGN to BOB Historical Review

YEARLY HIGH

0.0182 BOB

YEARLY LOW

0.0167 BOB

YEARLY AVERAGE

0.0171 BOB

2021 NGN to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.0182. Conversely, the yearly low was recorded on December 18, dropping to 0.0167.

This high-to-low spread represents a total annual volatility of 0.0016 BOB. From a start-to-finish perspective, comparing the January average rate of 0.0178 to the December average rate of 0.0168, the exchange rate registered a net change of -5.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0182 was down 4.70% compared to the 2020 peak of 0.0191, 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 18,234 BOB

2020 Average 18,163 BOB

Yearly Trough Low 16,661 BOB

Transaction Impact: A difference of 1,573.49 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0179

0.0167

JanuMarcMayJulySeptNove

NGN to BOB 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 0.0175, compared to 0.0168 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0175

H2 Avg (Jul–Dec) 0.0168

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0015 BOB (High: 0.0182 / Low: 0.0167). On the other end, July was the most stable month, with a tight range of 0.0001 BOB (High: 0.0168 / Low: 0.0168).

May Spread (Volatile) ±0.0015

July Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0006 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0178) against the same month in 2020 (average: 0.0186), the exchange rate shifted by -0.0008 (-4.18%).

2021 Avg (March) 0.0178

2020 Avg (March) 0.0186

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0181	0.0174	0.0178
February	0.0182	0.0168	0.0177
March	0.0182	0.0168	0.0178
April	0.0182	0.0168	0.0177
May	0.0182	0.0167	0.0171
June	0.0169	0.0167	0.0168
July	0.0168	0.0168	0.0168
August	0.0168	0.0167	0.0168
September	0.0168	0.0167	0.0168
October	0.0168	0.0167	0.0168
November	0.0168	0.0167	0.0168
December	0.0168	0.0167	0.0168

2021 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு