2011 EGP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 EGP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the EGP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 10, valuing the pair at 27.5107. Conversely, the yearly low was recorded on August 25, dropping to 24.9113.
This high-to-low spread represents a total annual volatility of 2.5993 NGN. From a start-to-finish perspective, comparing the January average rate of 26.2491 to the December average rate of 26.9807, the exchange rate registered a net change of 2.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 27.5107 was down 1.51% compared to the 2010 peak of 27.9334, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
EGP 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 26.1333, compared to 26.3120 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1788 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was August, with a trading range of 1.1616 NGN (High: 26.0729 / Low: 24.9113). On the other end, April was the most stable month, with a tight range of 0.2922 NGN (High: 26.0824 / Low: 25.7902).
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 0.6167 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2011: 26.8032) against the same month in 2010 (average: 26.5512), the exchange rate shifted by +0.2520 (+0.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.5627 | 25.9839 | 26.2491 |
| February | 26.1928 | 25.6352 | 26.0083 |
| March | 26.4956 | 25.9823 | 26.1712 |
| April | 26.0824 | 25.7902 | 25.9628 |
| May | 26.4674 | 25.9068 | 26.2321 |
| June | 26.4094 | 25.5267 | 26.1759 |
| July | 25.7360 | 25.2032 | 25.5593 |
| August | 26.0729 | 24.9113 | 25.7840 |
| September | 26.6542 | 25.9234 | 26.2005 |
| October | 27.5107 | 26.3658 | 26.8032 |
| November | 26.8422 | 26.3360 | 26.5445 |
| December | 27.2832 | 26.8083 | 26.9807 |