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2010 NGN to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2010
During 2010, the NGN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 46.7867. Conversely, the yearly low was recorded on May 23, dropping to 32.8770.
This high-to-low spread represents a total annual volatility of 13.9097 GNF. From a start-to-finish perspective, comparing the January average rate of 33.1658 to the December average rate of 45.5893, the exchange rate registered a net change of 37.46% (reflecting a strengthening trend).
Comparing the value generated converting 1,000,000 NGN based on timing:
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NGN to GNF 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: JanâJun) was 33.2899, compared to 40.4999 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 7.2100 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2010 was September, with a trading range of 5.6823 GNF (High: 41.8461 / Low: 36.1638). On the other end, March was the most stable month, with a tight range of 0.3112 GNF (High: 33.5731 / Low: 33.2619).
Growth Streaks & Declines
TrendsBetween May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2569 points.
Same-Month Historical Baseline
YoY BaselineHistorical data for the previous year (2009) is currently unavailable. Strongest month average for December 2010 is 45.5893.
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| Month | High | Low | Average |
|---|---|---|---|
| January | 33.4387 | 32.9314 | 33.1658 |
| February | 33.4935 | 32.9802 | 33.2592 |
| March | 33.5731 | 33.2619 | 33.4469 |
| April | 33.5397 | 32.9654 | 33.3409 |
| May | 33.4428 | 32.8770 | 33.1637 |
| June | 33.5882 | 33.1018 | 33.3630 |
| July | 34.2762 | 33.3944 | 33.5693 |
| August | 35.4508 | 33.5943 | 34.6294 |
| September | 41.8461 | 36.1638 | 38.4495 |
| October | 46.6371 | 41.5840 | 44.9155 |
| November | 46.4394 | 45.2716 | 45.8462 |
| December | 46.7867 | 44.6933 | 45.5893 |