YEARLY HIGH
9.4821 SDG
YEARLY LOW
0.1340 SDG
YEARLY AVERAGE
0.9349 SDG

2021 NGN to SDG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NGN to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 9.4821. Conversely, the yearly low was recorded on February 20, dropping to 0.1340.

This high-to-low spread represents a total annual volatility of 9.3481 SDG. From a start-to-finish perspective, comparing the January average rate of 0.1425 to the December average rate of 1.0641, the exchange rate registered a net change of 646.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 9.4821 was up 6143.47% compared to the 2020 peak of 0.1519, 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 9,482,074 SDG
2020 Average 142,404 SDG
Yearly Trough Low 134,024 SDG
Transaction Impact: A difference of 9,348,050.09 SDG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.1845
0.0478
JanuMarcMayJulySeptNove

NGN to SDG 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 0.7976, compared to 1.0722 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2746 points.

H1 Avg (Jan–Jun) 0.7976
H2 Avg (Jul–Dec) 1.0722

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 9.3481 SDG (High: 9.4821 / Low: 0.1340). On the other end, January was the most stable month, with a tight range of 0.0061 SDG (High: 0.1453 / Low: 0.1392).

February Spread (Volatile) ±9.3481
January Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between April and July, 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 October and November, when the average rate fell by 0.0219 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0219

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.6220) against the same month in 2020 (average: 0.1423), the exchange rate shifted by +0.4797 (+337.00%).

2021 Avg (February) 0.6220
2020 Avg (February) 0.1423

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1453 0.1392 0.1425
February 9.4821 0.1340 0.6220
March 1.0026 0.9247 0.9801
April 1.0197 0.9280 0.9774
May 1.0724 0.9445 1.0054
June 1.1045 1.0188 1.0580
July 1.1025 1.0832 1.0898
August 1.0853 1.0770 1.0827
September 1.0780 1.0678 1.0740
October 1.0748 1.0677 1.0723
November 1.0755 0.5452 1.0505
December 1.0707 1.0571 1.0641