2021 NGN to MZN Historical Review

YEARLY HIGH

0.1979 MZN

YEARLY LOW

0.1351 MZN

YEARLY AVERAGE

0.1630 MZN

2021 NGN to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.1979. Conversely, the yearly low was recorded on April 18, dropping to 0.1351.

This high-to-low spread represents a total annual volatility of 0.0628 MZN. From a start-to-finish perspective, comparing the January average rate of 0.1933 to the December average rate of 0.1553, the exchange rate registered a net change of -19.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1979 was up 0.39% compared to the 2020 peak of 0.1971, 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 197,874 MZN

2020 Average 182,524 MZN

Yearly Trough Low 135,114 MZN

Transaction Impact: A difference of 62,759.45 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1980

0.1417

JanuMarcMayJulySeptNove

NGN to MZN 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 0.1710, compared to 0.1551 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0159 points.

H1 Avg (Jan–Jun) 0.1710

H2 Avg (Jul–Dec) 0.1551

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0409 MZN (High: 0.1760 / Low: 0.1351). On the other end, August was the most stable month, with a tight range of 0.0005 MZN (High: 0.1551 / Low: 0.1546).

April Spread (Volatile) ±0.0409

August Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between May and November, 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 March and April, when the average rate fell by 0.0340 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0340

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.1929) against the same month in 2020 (average: 0.1770), the exchange rate shifted by +0.0158 (+8.95%).

2021 Avg (February) 0.1929

2020 Avg (February) 0.1770

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1978	0.1883	0.1933
February	0.1979	0.1822	0.1929
March	0.1965	0.1736	0.1876
April	0.1760	0.1351	0.1536
May	0.1549	0.1400	0.1464
June	0.1546	0.1484	0.1520
July	0.1550	0.1543	0.1546
August	0.1551	0.1546	0.1547
September	0.1555	0.1548	0.1550
October	0.1557	0.1547	0.1553
November	0.1558	0.1547	0.1554
December	0.1559	0.1543	0.1553

2021 NGN నుండి MZN చారిత్రక సమీక్ష