2011 MYR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 MYR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the MYR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 52.6538. Conversely, the yearly low was recorded on September 25, dropping to 49.2616.
This high-to-low spread represents a total annual volatility of 3.3922 NGN. From a start-to-finish perspective, comparing the January average rate of 49.8469 to the December average rate of 51.4270, the exchange rate registered a net change of 3.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 52.6538 was up 4.93% compared to the 2010 peak of 50.1812, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
MYR 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 50.9641, compared to 50.9971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0330 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was October, with a trading range of 3.0654 NGN (High: 52.5893 / Low: 49.5240). On the other end, January was the most stable month, with a tight range of 0.8508 NGN (High: 50.4535 / Low: 49.6026).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 0.6671 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2011: 51.7909) against the same month in 2010 (average: 46.5971), the exchange rate shifted by +5.1939 (+11.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 50.4535 | 49.6026 | 49.8469 |
| February | 50.7932 | 49.8547 | 50.2444 |
| March | 51.5141 | 50.5895 | 51.1134 |
| April | 52.2053 | 50.8332 | 51.3529 |
| May | 52.6538 | 51.0300 | 51.7909 |
| June | 51.8564 | 50.4552 | 51.4359 |
| July | 51.8908 | 49.9786 | 50.8955 |
| August | 52.5803 | 49.6827 | 51.4525 |
| September | 52.3090 | 49.2616 | 50.8085 |
| October | 52.5893 | 49.5240 | 51.0332 |
| November | 51.0087 | 49.8693 | 50.3660 |
| December | 52.0332 | 50.8728 | 51.4270 |