YEARLY HIGH
3.9085 NGN
YEARLY LOW
3.4416 NGN
YEARLY AVERAGE
3.6734 NGN

2021 JPY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the JPY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 3.9085. Conversely, the yearly low was recorded on April 3, dropping to 3.4416.

This high-to-low spread represents a total annual volatility of 0.4669 NGN. From a start-to-finish perspective, comparing the January average rate of 3.7368 to the December average rate of 3.6123, the exchange rate registered a net change of -3.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.9085 was up 2.43% compared to the 2020 peak of 3.8157, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 1,954,235 NGN
2020 Average 1,782,117 NGN
Yearly Trough Low 1,720,782 NGN
Transaction Impact: A difference of 233,453.30 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.7645
3.5479
JanuMarcMayJulySeptNove

JPY 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 3.6698, compared to 3.6770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 3.6698
H2 Avg (Jul–Dec) 3.6770

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.3390 NGN (High: 3.7806 / Low: 3.4416). On the other end, August was the most stable month, with a tight range of 0.0541 NGN (High: 3.7755 / Low: 3.7214).

April Spread (Volatile) ±0.3390
August Spread (Stable) ±0.0541

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 0.1316 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 3.6976) against the same month in 2020 (average: 3.3124), the exchange rate shifted by +0.3852 (+11.63%).

2021 Avg (February) 3.6976
2020 Avg (February) 3.3124

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.8425 3.6344 3.7368
February 3.9085 3.5750 3.6976
March 3.7746 3.4667 3.5659
April 3.7806 3.4416 3.5816
May 3.7916 3.4698 3.7022
June 3.7753 3.6908 3.7346
July 3.7616 3.6838 3.7291
August 3.7755 3.7214 3.7465
September 3.7697 3.6769 3.7363
October 3.7177 3.5877 3.6327
November 3.6405 3.5577 3.6052
December 3.6414 3.5733 3.6123