2011 MZN to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 MZN to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the MZN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 6.1937. Conversely, the yearly low was recorded on January 11, dropping to 4.5929.
This high-to-low spread represents a total annual volatility of 1.6008 NGN. From a start-to-finish perspective, comparing the January average rate of 4.7011 to the December average rate of 6.0907, the exchange rate registered a net change of 29.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 6.1937 was up 19.64% compared to the 2010 peak of 5.1768, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MZN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
MZN 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 5.0203, compared to 5.8547 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8344 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was May, with a trading range of 0.4414 NGN (High: 5.3838 / Low: 4.9423). On the other end, March was the most stable month, with a tight range of 0.1404 NGN (High: 5.0721 / Low: 4.9316).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0466 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 6.0907) against the same month in 2010 (average: 4.5066), the exchange rate shifted by +1.5841 (+35.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.7400 | 4.5929 | 4.7011 |
| February | 4.9299 | 4.7147 | 4.8473 |
| March | 5.0721 | 4.9316 | 5.0085 |
| April | 5.0786 | 4.9062 | 4.9905 |
| May | 5.3838 | 4.9423 | 5.1963 |
| June | 5.4847 | 5.2666 | 5.3780 |
| July | 5.6309 | 5.3272 | 5.4681 |
| August | 5.8346 | 5.5220 | 5.7414 |
| September | 5.9761 | 5.7019 | 5.8324 |
| October | 6.1797 | 5.9184 | 6.0211 |
| November | 6.1093 | 5.8621 | 5.9745 |
| December | 6.1937 | 5.9946 | 6.0907 |