2011 BGN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 BGN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the BGN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 117.8317. Conversely, the yearly low was recorded on January 10, dropping to 100.8624.
This high-to-low spread represents a total annual volatility of 16.9694 NGN. From a start-to-finish perspective, comparing the January average rate of 104.2830 to the December average rate of 109.3761, the exchange rate registered a net change of 4.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 117.8317 was up 4.72% compared to the 2010 peak of 112.5224, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
BGN 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 110.8933, compared to 110.9111 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0178 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was October, with a trading range of 8.4499 NGN (High: 115.3550 / Low: 106.9051). On the other end, February was the most stable month, with a tight range of 3.5676 NGN (High: 108.4618 / Low: 104.8942).
Growth Streaks & Declines
TrendsBetween January and May, 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 June and July, when the average rate fell by 3.3782 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2011: 114.5977) against the same month in 2010 (average: 97.6448), the exchange rate shifted by +16.9529 (+17.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 106.6756 | 100.8624 | 104.2830 |
| February | 108.4618 | 104.8942 | 106.6787 |
| March | 112.7862 | 108.4634 | 110.9983 |
| April | 117.4950 | 111.4853 | 114.2688 |
| May | 117.8317 | 112.2449 | 114.5977 |
| June | 116.3896 | 112.3213 | 114.5330 |
| July | 113.0043 | 108.4948 | 111.1548 |
| August | 115.2738 | 109.5140 | 112.5716 |
| September | 113.0256 | 107.9231 | 110.1262 |
| October | 115.3550 | 106.9051 | 112.2028 |
| November | 112.2527 | 107.6398 | 110.0349 |
| December | 111.4701 | 107.0777 | 109.3761 |