2011 CVE to NGN Historical Review

YEARLY HIGH

2.0901 NGN

YEARLY LOW

1.7891 NGN

YEARLY AVERAGE

1.9672 NGN

2011 CVE to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CVE to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 2.0901. Conversely, the yearly low was recorded on January 10, dropping to 1.7891.

This high-to-low spread represents a total annual volatility of 0.3010 NGN. From a start-to-finish perspective, comparing the January average rate of 1.8498 to the December average rate of 1.9399, the exchange rate registered a net change of 4.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.0901 was up 4.72% compared to the 2010 peak of 1.9959, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CVE based on timing:

Yearly Peak High 10,450 NGN

2010 Average 9,090 NGN

Yearly Trough Low 8,945 NGN

Transaction Impact: A difference of 1,505.00 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.0510

1.8315

JanuMarcMayJulySeptNove

CVE to NGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 1.9670, compared to 1.9674 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 1.9670

H2 Avg (Jul–Dec) 1.9674

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.1499 NGN (High: 2.0462 / Low: 1.8963). On the other end, February was the most stable month, with a tight range of 0.0633 NGN (High: 1.9239 / Low: 1.8606).

October Spread (Volatile) ±0.1499

February Spread (Stable) ±0.0633

Growth Streaks & Declines

Trends

Between 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 0.0599 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0599

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 2.0327) against the same month in 2010 (average: 1.7320), the exchange rate shifted by +0.3007 (+17.36%).

2011 Avg (May) 2.0327

2010 Avg (May) 1.7320

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8922	1.7891	1.8498
February	1.9239	1.8606	1.8923
March	2.0006	1.9239	1.9687
April	2.0841	1.9775	2.0269
May	2.0901	1.9910	2.0327
June	2.0645	1.9923	2.0316
July	2.0045	1.9245	1.9717
August	2.0447	1.9425	1.9968
September	2.0048	1.9143	1.9534
October	2.0462	1.8963	1.9902
November	1.9911	1.9096	1.9522
December	1.9792	1.9005	1.9399