YEARLY HIGH
133.8546 NGN
YEARLY LOW
113.9962 NGN
YEARLY AVERAGE
124.8601 NGN

2021 ILS to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ILS to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 133.8546. Conversely, the yearly low was recorded on March 8, dropping to 113.9962.

This high-to-low spread represents a total annual volatility of 19.8584 NGN. From a start-to-finish perspective, comparing the January average rate of 120.0307 to the December average rate of 131.2561, the exchange rate registered a net change of 9.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 133.8546 was up 9.14% compared to the 2020 peak of 122.6499, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 669,273 NGN
2020 Average 553,291 NGN
Yearly Trough Low 569,981 NGN
Transaction Impact: A difference of 99,292.15 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

133.1287
115.5256
JanuMarcMayJulySeptNove

ILS 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 120.9475, compared to 128.7728 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.8253 points.

H1 Avg (Jan–Jun) 120.9475
H2 Avg (Jul–Dec) 128.7728

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 11.5781 NGN (High: 127.1991 / Low: 115.6210). On the other end, September was the most stable month, with a tight range of 1.4048 NGN (High: 128.8620 / Low: 127.4572).

May Spread (Volatile) ±11.5781
September Spread (Stable) ±1.4048

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 2.0996 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -2.0996

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 131.6618) against the same month in 2020 (average: 113.7235), the exchange rate shifted by +17.9383 (+15.77%).

2021 Avg (November) 131.6618
2020 Avg (November) 113.7235

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 124.5190 116.1814 120.0307
February 126.0861 115.0968 119.0921
March 124.5001 113.9962 116.9925
April 125.3114 114.3626 119.1174
May 127.1991 115.6210 124.0333
June 127.3266 125.0625 126.4188
July 127.5141 124.4753 125.6889
August 128.3758 126.6818 127.6372
September 128.8620 127.4572 128.3932
October 130.0921 126.7068 127.9995
November 133.8546 128.7454 131.6618
December 132.7858 129.6463 131.2561