YEARLY HIGH
412.8351 NGN
YEARLY LOW
1.0630 NGN
YEARLY AVERAGE
11.0543 NGN

2021 MRO to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MRO to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 412.8351. Conversely, the yearly low was recorded on April 27, dropping to 1.0630.

This high-to-low spread represents a total annual volatility of 411.7721 NGN. From a start-to-finish perspective, comparing the January average rate of 1.0864 to the December average rate of 120.2480, the exchange rate registered a net change of 10968.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 412.8351 was up 37218.80% compared to the 2020 peak of 1.1062, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,064,176 NGN
2020 Average 5,326 NGN
Yearly Trough Low 5,315 NGN
Transaction Impact: A difference of 2,058,860.54 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

132.1642
-10.8298
JanuMarcMayJulySeptNove

MRO 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 1.1074, compared to 21.0013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.8939 points.

H1 Avg (Jan–Jun) 1.1074
H2 Avg (Jul–Dec) 21.0013

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 411.6879 NGN (High: 412.8351 / Low: 1.1472). On the other end, August was the most stable month, with a tight range of 0.0029 NGN (High: 1.1539 / Low: 1.1511).

December Spread (Volatile) ±411.6879
August Spread (Stable) ±0.0029

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 0.0053 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 120.2480) against the same month in 2020 (average: 1.0753), the exchange rate shifted by +119.1727 (+11083.05%).

2021 Avg (December) 120.2480
2020 Avg (December) 1.0753

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1112 1.0658 1.0864
February 1.1553 1.0644 1.0922
March 1.1512 1.0644 1.0869
April 1.1513 1.0630 1.0944
May 1.1569 1.0644 1.1323
June 1.1563 1.1485 1.1522
July 1.1531 1.1485 1.1518
August 1.1539 1.1511 1.1528
September 1.1556 1.1490 1.1528
October 1.1557 1.1493 1.1513
November 1.1558 1.1481 1.1511
December 412.8351 1.1472 120.2480