2011 BMD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 BMD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the BMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 164.4507. Conversely, the yearly low was recorded on August 25, dropping to 148.4950.
This high-to-low spread represents a total annual volatility of 15.9557 NGN. From a start-to-finish perspective, comparing the January average rate of 152.5934 to the December average rate of 162.4144, 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 164.4507 was up 6.10% compared to the 2010 peak of 154.9996, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
BMD 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 154.5174, compared to 157.2452 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.7278 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was August, with a trading range of 7.3993 NGN (High: 155.8942 / Low: 148.4950). On the other end, February was the most stable month, with a tight range of 1.7593 NGN (High: 154.0692 / Low: 152.3099).
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 3.4856 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 162.4144) against the same month in 2010 (average: 152.6235), the exchange rate shifted by +9.7909 (+6.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 154.0500 | 151.9769 | 152.5934 |
| February | 154.0692 | 152.3099 | 152.9055 |
| March | 157.1205 | 153.4515 | 155.0985 |
| April | 155.3265 | 153.3125 | 154.6368 |
| May | 157.6617 | 154.4486 | 156.1157 |
| June | 156.7987 | 152.2670 | 155.7544 |
| July | 153.2991 | 150.3311 | 152.2688 |
| August | 155.8942 | 148.4950 | 153.6234 |
| September | 158.9914 | 154.7478 | 156.2980 |
| October | 164.0971 | 157.5176 | 159.9903 |
| November | 161.2987 | 157.1728 | 158.8760 |
| December | 164.4507 | 161.1785 | 162.4144 |