2011 BOB to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 BOB to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the BOB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 23.8433. Conversely, the yearly low was recorded on July 3, dropping to 21.4963.
This high-to-low spread represents a total annual volatility of 2.3470 NGN. From a start-to-finish perspective, comparing the January average rate of 21.8358 to the December average rate of 23.5570, the exchange rate registered a net change of 7.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 23.8433 was up 7.18% compared to the 2010 peak of 22.2455, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BOB based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
BOB 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 22.1070, compared to 22.6402 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5333 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was June, with a trading range of 1.0812 NGN (High: 22.8018 / Low: 21.7205). On the other end, February was the most stable month, with a tight range of 0.3176 NGN (High: 22.0336 / Low: 21.7160).
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 0.5016 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 23.5570) against the same month in 2010 (average: 21.8636), the exchange rate shifted by +1.6935 (+7.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.0357 | 21.7127 | 21.8358 |
| February | 22.0336 | 21.7160 | 21.8286 |
| March | 22.4135 | 21.8946 | 22.1706 |
| April | 22.3084 | 21.9318 | 22.0993 |
| May | 22.8135 | 22.0655 | 22.3408 |
| June | 22.8018 | 21.7205 | 22.3666 |
| July | 22.2726 | 21.4963 | 21.8650 |
| August | 22.5505 | 21.6001 | 22.0964 |
| September | 23.1438 | 22.0750 | 22.4988 |
| October | 23.4097 | 22.5814 | 22.9187 |
| November | 23.3025 | 22.4343 | 22.9055 |
| December | 23.8433 | 23.3586 | 23.5570 |