YEARLY HIGH
0.0473 MDL
YEARLY LOW
0.0419 MDL
YEARLY AVERAGE
0.0438 MDL

2021 NGN to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 2, valuing the pair at 0.0473. Conversely, the yearly low was recorded on October 18, dropping to 0.0419.

This high-to-low spread represents a total annual volatility of 0.0054 MDL. From a start-to-finish perspective, comparing the January average rate of 0.0445 to the December average rate of 0.0431, the exchange rate registered a net change of -3.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0473 was down 6.49% compared to the 2020 peak of 0.0506, 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 47,274 MDL
2020 Average 45,371 MDL
Yearly Trough Low 41,894 MDL
Transaction Impact: A difference of 5,379.39 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.0462
0.0420
JanuMarcMayJulySeptNove

NGN to MDL 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 0.0446, compared to 0.0430 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) 0.0446
H2 Avg (Jul–Dec) 0.0430

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 0.0042 MDL (High: 0.0468 / Low: 0.0426). On the other end, September was the most stable month, with a tight range of 0.0006 MDL (High: 0.0430 / Low: 0.0424).

May Spread (Volatile) ±0.0042
September Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between January and April, 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 0.0020 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.0458) against the same month in 2020 (average: 0.0471), the exchange rate shifted by -0.0013 (-2.71%).

2021 Avg (April) 0.0458
2020 Avg (April) 0.0471

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0459 0.0433 0.0445
February 0.0459 0.0424 0.0447
March 0.0470 0.0434 0.0456
April 0.0473 0.0437 0.0458
May 0.0468 0.0426 0.0438
June 0.0440 0.0426 0.0432
July 0.0441 0.0433 0.0437
August 0.0435 0.0425 0.0429
September 0.0430 0.0424 0.0427
October 0.0427 0.0419 0.0423
November 0.0433 0.0423 0.0428
December 0.0434 0.0428 0.0431