2011 BBD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 BBD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the BBD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 82.2254. Conversely, the yearly low was recorded on August 25, dropping to 74.2475.
This high-to-low spread represents a total annual volatility of 7.9779 NGN. From a start-to-finish perspective, comparing the January average rate of 76.2967 to the December average rate of 81.2072, the exchange rate registered a net change of 6.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 82.2254 was up 6.10% compared to the 2010 peak of 77.4998, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
BBD 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 77.2587, compared to 78.6226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3639 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was August, with a trading range of 3.6996 NGN (High: 77.9471 / Low: 74.2475). On the other end, February was the most stable month, with a tight range of 0.8796 NGN (High: 77.0346 / Low: 76.1550).
Growth Streaks & Declines
TrendsBetween July and October, 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 June and July, when the average rate fell by 1.7428 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 81.2072) against the same month in 2010 (average: 76.3118), the exchange rate shifted by +4.8954 (+6.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 77.0250 | 75.9885 | 76.2967 |
| February | 77.0346 | 76.1550 | 76.4528 |
| March | 78.5603 | 76.7257 | 77.5492 |
| April | 77.6633 | 76.6563 | 77.3184 |
| May | 78.8308 | 77.2243 | 78.0579 |
| June | 78.3994 | 76.1335 | 77.8772 |
| July | 76.6495 | 75.1656 | 76.1344 |
| August | 77.9471 | 74.2475 | 76.8117 |
| September | 79.4957 | 77.3739 | 78.1490 |
| October | 82.0486 | 78.7588 | 79.9952 |
| November | 80.6494 | 78.5864 | 79.4380 |
| December | 82.2254 | 80.5893 | 81.2072 |