YEARLY HIGH
4.7823 MMK
YEARLY LOW
3.3565 MMK
YEARLY AVERAGE
3.9896 MMK

2021 NGN to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 4.7823. Conversely, the yearly low was recorded on January 9, dropping to 3.3565.

This high-to-low spread represents a total annual volatility of 1.4258 MMK. From a start-to-finish perspective, comparing the January average rate of 3.4313 to the December average rate of 4.3297, the exchange rate registered a net change of 26.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.7823 was up 16.96% compared to the 2020 peak of 4.0886, 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 4,782,260 MMK
2020 Average 3,622,274 MMK
Yearly Trough Low 3,356,493 MMK
Transaction Impact: A difference of 1,425,767.93 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

4.7103
3.3150
JanuMarcMayJulySeptNove

NGN to MMK 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 3.7173, compared to 4.2619 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5446 points.

H1 Avg (Jan–Jun) 3.7173
H2 Avg (Jul–Dec) 4.2619

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.6714 MMK (High: 4.1052 / Low: 3.4337). On the other end, July was the most stable month, with a tight range of 0.0213 MMK (High: 4.0138 / Low: 3.9924).

April Spread (Volatile) ±0.6714
July Spread (Stable) ±0.0213

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2422 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.2422

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 4.5940) against the same month in 2020 (average: 3.3823), the exchange rate shifted by +1.2117 (+35.82%).

2021 Avg (October) 4.5940
2020 Avg (October) 3.3823

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.5008 3.3565 3.4313
February 3.7014 3.4139 3.5951
March 3.7107 3.4344 3.6349
April 4.1052 3.4337 3.6869
May 4.0978 3.7707 3.9535
June 4.0156 3.9872 4.0021
July 4.0138 3.9924 4.0018
August 4.0142 3.9925 3.9994
September 4.5558 3.9975 4.2946
October 4.7823 4.3705 4.5940
November 4.4543 4.3053 4.3518
December 4.3581 4.3012 4.3297