2010 NGN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2010.
2010 NGN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2010
During 2010, the NGN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 7.6629. Conversely, the yearly low was recorded on December 17, dropping to 7.3046.
This high-to-low spread represents a total annual volatility of 0.3582 BIF. From a start-to-finish perspective, comparing the January average rate of 7.5801 to the December average rate of 7.4324, the exchange rate registered a net change of -1.95% (reflecting a weakening trend).
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2010.
NGN to BIF 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 7.5492, compared to 7.4929 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0563 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2010 was December, with a trading range of 0.2413 BIF (High: 7.5459 / Low: 7.3046). On the other end, November was the most stable month, with a tight range of 0.0567 BIF (High: 7.5638 / Low: 7.5071).
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 November and December, when the average rate fell by 0.1106 points.
Same-Month Historical Baseline
YoY BaselineHistorical data for the previous year (2009) is currently unavailable. Strongest month average for January 2010 is 7.5801.
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.6629 | 7.5189 | 7.5801 |
| February | 7.5769 | 7.4606 | 7.5171 |
| March | 7.6136 | 7.5320 | 7.5729 |
| April | 7.6231 | 7.5508 | 7.5847 |
| May | 7.5884 | 7.3994 | 7.5147 |
| June | 7.5659 | 7.4828 | 7.5257 |
| July | 7.5931 | 7.5064 | 7.5457 |
| August | 7.5931 | 7.4740 | 7.5370 |
| September | 7.5337 | 7.3163 | 7.4349 |
| October | 7.5578 | 7.3289 | 7.4645 |
| November | 7.5638 | 7.5071 | 7.5429 |
| December | 7.5459 | 7.3046 | 7.4324 |