2010 GMD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2010.
2010 GMD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2010
During 2010, the GMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 5.8166. Conversely, the yearly low was recorded on September 15, dropping to 5.0517.
This high-to-low spread represents a total annual volatility of 0.7649 NGN. From a start-to-finish perspective, comparing the January average rate of 5.7310 to the December average rate of 5.5175, the exchange rate registered a net change of -3.73% (reflecting a weakening trend).
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2010.
GMD 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 5.5729, compared to 5.3892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1838 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2010 was September, with a trading range of 0.6771 NGN (High: 5.7288 / Low: 5.0517). On the other end, February was the most stable month, with a tight range of 0.1446 NGN (High: 5.7681 / Low: 5.6235).
Growth Streaks & Declines
TrendsBetween June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.3409 points.
Same-Month Historical Baseline
YoY BaselineHistorical data for the previous year (2009) is currently unavailable. Strongest month average for April 2010 is 5.6694.
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.7779 | 5.5843 | 5.7310 |
| February | 5.7681 | 5.6235 | 5.6971 |
| March | 5.7162 | 5.4814 | 5.6213 |
| April | 5.8166 | 5.5859 | 5.6694 |
| May | 5.7025 | 5.2181 | 5.5298 |
| June | 5.2669 | 5.0835 | 5.1889 |
| July | 5.5471 | 5.0904 | 5.1954 |
| August | 5.5764 | 5.1735 | 5.3246 |
| September | 5.7288 | 5.0517 | 5.2495 |
| October | 5.8156 | 5.4641 | 5.6559 |
| November | 5.4890 | 5.2736 | 5.3922 |
| December | 5.6824 | 5.3035 | 5.5175 |