2011 NGN to AFN Historical Review

YEARLY HIGH

0.3075 AFN

YEARLY LOW

0.2721 AFN

YEARLY AVERAGE

0.2839 AFN

2011 NGN to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 4, valuing the pair at 0.3075. Conversely, the yearly low was recorded on September 21, dropping to 0.2721.

This high-to-low spread represents a total annual volatility of 0.0354 AFN. From a start-to-finish perspective, comparing the January average rate of 0.2820 to the December average rate of 0.2860, the exchange rate registered a net change of 1.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3075 was down 5.59% compared to the 2010 peak of 0.3257, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 307,492 AFN

2010 Average 299,465 AFN

Yearly Trough Low 272,061 AFN

Transaction Impact: A difference of 35,430.98 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3058

0.2728

JanuMarcMayJulySeptNove

NGN to AFN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.2785, compared to 0.2892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.2785

H2 Avg (Jul–Dec) 0.2892

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0338 AFN (High: 0.3059 / Low: 0.2721). On the other end, February was the most stable month, with a tight range of 0.0033 AFN (High: 0.2825 / Low: 0.2793).

September Spread (Volatile) ±0.0338

February Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between August and November, 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 November and December, when the average rate fell by 0.0170 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 0.3031) against the same month in 2010 (average: 0.2857), the exchange rate shifted by +0.0174 (+6.09%).

2011 Avg (November) 0.3031

2010 Avg (November) 0.2857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2831	0.2793	0.2820
February	0.2825	0.2793	0.2814
March	0.2801	0.2737	0.2775
April	0.2807	0.2770	0.2782
May	0.2784	0.2728	0.2756
June	0.2824	0.2742	0.2763
July	0.2863	0.2807	0.2826
August	0.2897	0.2759	0.2799
September	0.3059	0.2721	0.2818
October	0.3067	0.2945	0.3020
November	0.3075	0.2861	0.3031
December	0.2998	0.2774	0.2860