YEARLY HIGH
0.0465 BOB
YEARLY LOW
0.0419 BOB
YEARLY AVERAGE
0.0447 BOB

2011 NGN to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 1, valuing the pair at 0.0465. Conversely, the yearly low was recorded on December 26, dropping to 0.0419.

This high-to-low spread represents a total annual volatility of 0.0046 BOB. From a start-to-finish perspective, comparing the January average rate of 0.0458 to the December average rate of 0.0425, the exchange rate registered a net change of -7.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0465 was down 2.46% compared to the 2010 peak of 0.0477, 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 46,520 BOB
2010 Average 46,394 BOB
Yearly Trough Low 41,940 BOB
Transaction Impact: A difference of 4,579.12 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0461
0.0421
JanuMarcMayJulySeptNove

NGN to BOB 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 0.0452, compared to 0.0442 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.0452
H2 Avg (Jul–Dec) 0.0442

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.0022 BOB (High: 0.0460 / Low: 0.0439). On the other end, February was the most stable month, with a tight range of 0.0007 BOB (High: 0.0460 / Low: 0.0454).

June Spread (Volatile) ±0.0022
February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0012 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.0457) against the same month in 2010 (average: 0.0466), the exchange rate shifted by -0.0009 (-1.93%).

2011 Avg (July) 0.0457
2010 Avg (July) 0.0466

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0461 0.0454 0.0458
February 0.0460 0.0454 0.0458
March 0.0457 0.0446 0.0451
April 0.0456 0.0448 0.0453
May 0.0453 0.0438 0.0448
June 0.0460 0.0439 0.0447
July 0.0465 0.0449 0.0457
August 0.0463 0.0443 0.0453
September 0.0453 0.0432 0.0445
October 0.0443 0.0427 0.0436
November 0.0446 0.0429 0.0437
December 0.0428 0.0419 0.0425