YEARLY HIGH
0.0154 BRL
YEARLY LOW
0.0120 BRL
YEARLY AVERAGE
0.0134 BRL

2021 NGN to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.0154. Conversely, the yearly low was recorded on June 24, dropping to 0.0120.

This high-to-low spread represents a total annual volatility of 0.0035 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0138 to the December average rate of 0.0138, the exchange rate registered a net change of -0.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0154 was up 1.81% compared to the 2020 peak of 0.0152, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 15,443 BRL
2020 Average 13,540 BRL
Yearly Trough Low 11,972 BRL
Transaction Impact: A difference of 3,471.11 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0148
0.0120
JanuMarcMayJulySeptNove

NGN to BRL 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 0.0137, compared to 0.0131 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0137
H2 Avg (Jul–Dec) 0.0131

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0021 BRL (High: 0.0154 / Low: 0.0134). On the other end, December was the most stable month, with a tight range of 0.0005 BRL (High: 0.0140 / Low: 0.0135).

March Spread (Volatile) ±0.0021
December Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0012 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0145) against the same month in 2020 (average: 0.0132), the exchange rate shifted by +0.0014 (+10.34%).

2021 Avg (March) 0.0145
2020 Avg (March) 0.0132

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0144 0.0131 0.0138
February 0.0147 0.0131 0.0139
March 0.0154 0.0134 0.0145
April 0.0150 0.0134 0.0143
May 0.0143 0.0127 0.0131
June 0.0125 0.0120 0.0122
July 0.0128 0.0123 0.0126
August 0.0132 0.0125 0.0128
September 0.0132 0.0126 0.0128
October 0.0138 0.0131 0.0135
November 0.0138 0.0132 0.0135
December 0.0140 0.0135 0.0138