YEARLY HIGH
0.0055 FJD
YEARLY LOW
0.0049 FJD
YEARLY AVERAGE
0.0051 FJD

2021 NGN to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 26, valuing the pair at 0.0055. Conversely, the yearly low was recorded on February 20, dropping to 0.0049.

This high-to-low spread represents a total annual volatility of 0.0005 FJD. From a start-to-finish perspective, comparing the January average rate of 0.0053 to the December average rate of 0.0052, the exchange rate registered a net change of -1.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0055 was down 15.23% compared to the 2020 peak of 0.0064, 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 5,461 FJD
2020 Average 5,707 FJD
Yearly Trough Low 4,912 FJD
Transaction Impact: A difference of 549.06 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0053
0.0050
JanuMarcMayJulySeptNove

NGN to FJD 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 0.0052, compared to 0.0051 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0052
H2 Avg (Jul–Dec) 0.0051

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 0.0005 FJD (High: 0.0055 / Low: 0.0049). On the other end, July was the most stable month, with a tight range of 0.0001 FJD (High: 0.0051 / Low: 0.0050).

March Spread (Volatile) ±0.0005
July Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 0.0053) against the same month in 2020 (average: 0.0061), the exchange rate shifted by -0.0009 (-14.02%).

2021 Avg (March) 0.0053
2020 Avg (March) 0.0061

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0054 0.0051 0.0053
February 0.0054 0.0049 0.0052
March 0.0055 0.0049 0.0053
April 0.0054 0.0049 0.0052
May 0.0054 0.0049 0.0050
June 0.0050 0.0049 0.0050
July 0.0051 0.0050 0.0051
August 0.0052 0.0050 0.0051
September 0.0051 0.0050 0.0051
October 0.0052 0.0050 0.0051
November 0.0052 0.0050 0.0051
December 0.0052 0.0051 0.0052