YEARLY HIGH
3.4341 NGN
YEARLY LOW
2.9319 NGN
YEARLY AVERAGE
3.1774 NGN

2021 ISK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ISK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 3.4341. Conversely, the yearly low was recorded on February 2, dropping to 2.9319.

This high-to-low spread represents a total annual volatility of 0.5022 NGN. From a start-to-finish perspective, comparing the January average rate of 3.0172 to the December average rate of 3.1610, the exchange rate registered a net change of 4.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.4341 was up 11.07% compared to the 2020 peak of 3.0919, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,171 NGN
2020 Average 14,070 NGN
Yearly Trough Low 14,659 NGN
Transaction Impact: A difference of 2,511.21 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.4047
2.9819
JanuMarcMayJulySeptNove

ISK 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 3.1428, compared to 3.2119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0691 points.

H1 Avg (Jan–Jun) 3.1428
H2 Avg (Jul–Dec) 3.2119

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.4033 NGN (High: 3.4239 / Low: 3.0206). On the other end, December was the most stable month, with a tight range of 0.0393 NGN (High: 3.1774 / Low: 3.1380).

May Spread (Volatile) ±0.4033
December Spread (Stable) ±0.0393

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0625 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0625

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 3.3695) against the same month in 2020 (average: 2.8551), the exchange rate shifted by +0.5144 (+18.02%).

2021 Avg (June) 3.3695
2020 Avg (June) 2.8551

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.1038 2.9395 3.0172
February 3.2121 2.9319 3.0396
March 3.2225 2.9668 3.0479
April 3.2595 2.9882 3.1029
May 3.4239 3.0206 3.2799
June 3.4341 3.3147 3.3695
July 3.3350 3.2578 3.3070
August 3.3294 3.2126 3.2625
September 3.2565 3.1497 3.2121
October 3.2206 3.1623 3.1839
November 3.1797 3.0920 3.1452
December 3.1774 3.1380 3.1610