YEARLY HIGH
4.0256 LBP
YEARLY LOW
3.6588 LBP
YEARLY AVERAGE
3.7707 LBP

2021 NGN to LBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 4.0256. Conversely, the yearly low was recorded on May 15, dropping to 3.6588.

This high-to-low spread represents a total annual volatility of 0.3668 LBP. From a start-to-finish perspective, comparing the January average rate of 3.9112 to the December average rate of 3.6940, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.0256 was down 6.75% compared to the 2020 peak of 4.3170, 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 4,025,633 LBP
2020 Average 3,974,791 LBP
Yearly Trough Low 3,658,807 LBP
Transaction Impact: A difference of 366,825.66 LBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.9444
3.6567
JanuMarcMayJulySeptNove

NGN to LBP 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 3.8450, compared to 3.6963 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1488 points.

H1 Avg (Jan–Jun) 3.8450
H2 Avg (Jul–Dec) 3.6963

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.3622 LBP (High: 4.0211 / Low: 3.6588). On the other end, August was the most stable month, with a tight range of 0.0406 LBP (High: 3.7112 / Low: 3.6706).

May Spread (Volatile) ±0.3622
August Spread (Stable) ±0.0406

Growth Streaks & Declines

Trends

Between August and November, 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 0.1166 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 3.9204) against the same month in 2020 (average: 4.0303), the exchange rate shifted by -0.1099 (-2.73%).

2021 Avg (March) 3.9204
2020 Avg (March) 4.0303

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.9961 3.8230 3.9112
February 3.9953 3.6726 3.8891
March 4.0256 3.6833 3.9204
April 4.0086 3.6825 3.8827
May 4.0211 3.6588 3.7661
June 3.7244 3.6741 3.7008
July 3.7421 3.6721 3.6980
August 3.7112 3.6706 3.6807
September 3.7257 3.6719 3.6908
October 3.7338 3.6749 3.7042
November 3.7388 3.6749 3.7101
December 3.7393 3.6634 3.6940