2011 BAM to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 BAM to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the BAM to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 117.4989. Conversely, the yearly low was recorded on January 9, dropping to 100.7276.
This high-to-low spread represents a total annual volatility of 16.7713 NGN. From a start-to-finish perspective, comparing the January average rate of 104.1786 to the December average rate of 109.3612, the exchange rate registered a net change of 4.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 117.4989 was up 4.68% compared to the 2010 peak of 112.2420, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BAM based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
BAM to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 110.7844, compared to 110.8563 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0719 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was October, with a trading range of 7.3227 NGN (High: 114.5730 / Low: 107.2503). On the other end, February was the most stable month, with a tight range of 3.2188 NGN (High: 108.1944 / Low: 104.9756).
Growth Streaks & Declines
TrendsBetween 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 June and July, when the average rate fell by 3.3703 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2011: 114.3578) against the same month in 2010 (average: 97.5381), the exchange rate shifted by +16.8198 (+17.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 106.5462 | 100.7276 | 104.1786 |
| February | 108.1944 | 104.9756 | 106.5888 |
| March | 112.6637 | 108.3025 | 110.9641 |
| April | 117.2501 | 111.6462 | 114.1389 |
| May | 117.4989 | 112.1387 | 114.3578 |
| June | 116.3627 | 112.2670 | 114.4784 |
| July | 112.9298 | 108.4463 | 111.1081 |
| August | 115.0069 | 109.2957 | 112.4909 |
| September | 113.3974 | 108.1073 | 110.0093 |
| October | 114.5730 | 107.2503 | 112.1099 |
| November | 111.7978 | 107.6554 | 110.0588 |
| December | 111.5795 | 107.1715 | 109.3612 |