YEARLY HIGH
1.0255 NGN
YEARLY LOW
0.1712 NGN
YEARLY AVERAGE
0.9668 NGN

2021 KMF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the KMF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 1.0255. Conversely, the yearly low was recorded on December 5, dropping to 0.1712.

This high-to-low spread represents a total annual volatility of 0.8543 NGN. From a start-to-finish perspective, comparing the January average rate of 0.9587 to the December average rate of 0.9190, the exchange rate registered a net change of -4.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0255 was up 4.90% compared to the 2020 peak of 0.9775, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,127 NGN
2020 Average 4,396 NGN
Yearly Trough Low 856 NGN
Transaction Impact: A difference of 4,271.43 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0164
0.9101
JanuMarcMayJulySeptNove

KMF 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 0.9675, compared to 0.9660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.9675
H2 Avg (Jul–Dec) 0.9660

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.7795 NGN (High: 0.9507 / Low: 0.1712). On the other end, July was the most stable month, with a tight range of 0.0086 NGN (High: 0.9906 / Low: 0.9820).

December Spread (Volatile) ±0.7795
July Spread (Stable) ±0.0086

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 November and December, when the average rate fell by 0.0342 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0342

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2021: 0.9970) against the same month in 2020 (average: 0.8621), the exchange rate shifted by +0.1348 (+15.64%).

2021 Avg (May) 0.9970
2020 Avg (May) 0.8621

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.9849 0.9375 0.9587
February 1.0148 0.9304 0.9581
March 0.9938 0.9105 0.9375
April 1.0004 0.9097 0.9463
May 1.0255 0.9274 0.9970
June 1.0227 0.9869 1.0075
July 0.9906 0.9820 0.9872
August 0.9936 0.9764 0.9862
September 0.9873 0.9693 0.9814
October 0.9748 0.9629 0.9688
November 0.9704 0.9331 0.9532
December 0.9507 0.1712 0.9190