2021 TOP to NGN Historical Review

YEARLY HIGH

185.8474 NGN

YEARLY LOW

164.9897 NGN

YEARLY AVERAGE

178.0330 NGN

2021 TOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 185.8474. Conversely, the yearly low was recorded on February 2, dropping to 164.9897.

This high-to-low spread represents a total annual volatility of 20.8577 NGN. From a start-to-finish perspective, comparing the January average rate of 170.0267 to the December average rate of 179.9885, the exchange rate registered a net change of 5.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 185.8474 was up 7.48% compared to the 2020 peak of 172.9123, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 929,237 NGN

2020 Average 826,281 NGN

Yearly Trough Low 824,949 NGN

Transaction Impact: A difference of 104,288.44 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

185.4638

168.4548

JanuMarcMayJulySeptNove

TOP to NGN 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 174.2158, compared to 181.8501 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.6343 points.

H1 Avg (Jan–Jun) 174.2158

H2 Avg (Jul–Dec) 181.8501

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 17.4908 NGN (High: 184.9999 / Low: 167.5091). On the other end, July was the most stable month, with a tight range of 1.6466 NGN (High: 183.0507 / Low: 181.4041).

May Spread (Volatile) ±17.4908

July Spread (Stable) ±1.6466

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.0268 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.0268

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 184.0463) against the same month in 2020 (average: 170.6151), the exchange rate shifted by +13.4313 (+7.87%).

2021 Avg (June) 184.0463

2020 Avg (June) 170.6151

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	175.0371	165.6076	170.0267
February	179.1113	164.9897	169.8722
March	181.2902	165.5398	170.1714
April	181.3200	166.2801	171.6412
May	184.9999	167.5091	179.5370
June	185.8474	182.1686	184.0463
July	183.0507	181.4041	182.1272
August	182.6801	180.0908	181.8012
September	183.8555	180.6660	182.7364
October	184.1175	180.9148	182.4321
November	184.3156	179.3365	182.0153
December	181.2035	178.9211	179.9885