2011 NAD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 NAD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the NAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 23.5162. Conversely, the yearly low was recorded on November 25, dropping to 18.7038.
This high-to-low spread represents a total annual volatility of 4.8124 NGN. From a start-to-finish perspective, comparing the January average rate of 22.0371 to the December average rate of 19.8468, the exchange rate registered a net change of -9.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 23.5162 was up 1.83% compared to the 2010 peak of 23.0945, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
NAD 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 22.3936, compared to 20.7529 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6407 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was September, with a trading range of 2.5325 NGN (High: 22.1068 / Low: 19.5743). On the other end, March was the most stable month, with a tight range of 0.7421 NGN (High: 22.8393 / Low: 22.0972).
Growth Streaks & Declines
TrendsBetween February and April, 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 September and October, when the average rate fell by 0.9171 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2011: 22.7458) against the same month in 2010 (average: 19.9873), the exchange rate shifted by +2.7585 (+13.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.0255 | 21.1961 | 22.0371 |
| February | 22.0249 | 20.8619 | 21.2619 |
| March | 22.8393 | 22.0972 | 22.4212 |
| April | 23.4544 | 22.5332 | 22.9699 |
| May | 23.5162 | 22.1907 | 22.7458 |
| June | 23.1504 | 22.4047 | 22.9258 |
| July | 22.9836 | 21.7953 | 22.4460 |
| August | 22.7595 | 20.5823 | 21.6867 |
| September | 22.1068 | 19.5743 | 20.9869 |
| October | 20.7570 | 19.5279 | 20.0698 |
| November | 20.0710 | 18.7038 | 19.4814 |
| December | 20.1949 | 19.3215 | 19.8468 |