2011 NGN to BTN Historical Review

YEARLY HIGH

0.3309 BTN

YEARLY LOW

0.2846 BTN

YEARLY AVERAGE

0.2990 BTN

2011 NGN to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 0.3309. Conversely, the yearly low was recorded on May 11, dropping to 0.2846.

This high-to-low spread represents a total annual volatility of 0.0462 BTN. From a start-to-finish perspective, comparing the January average rate of 0.2976 to the December average rate of 0.3231, the exchange rate registered a net change of 8.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3309 was up 4.98% compared to the 2010 peak of 0.3152, 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 330,857 BTN

2010 Average 302,471 BTN

Yearly Trough Low 284,612 BTN

Transaction Impact: A difference of 46,244.64 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3267

0.2835

JanuMarcMayJulySeptNove

NGN to BTN 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 0.2912, compared to 0.3069 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0157 points.

H1 Avg (Jan–Jun) 0.2912

H2 Avg (Jul–Dec) 0.3069

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0217 BTN (High: 0.3103 / Low: 0.2885). On the other end, April was the most stable month, with a tight range of 0.0044 BTN (High: 0.2898 / Low: 0.2853).

August Spread (Volatile) ±0.0217

April Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0073 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.3231) against the same month in 2010 (average: 0.2954), the exchange rate shifted by +0.0277 (+9.37%).

2011 Avg (December) 0.3231

2010 Avg (December) 0.2954

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3019	0.2935	0.2976
February	0.3004	0.2918	0.2972
March	0.2930	0.2863	0.2899
April	0.2898	0.2853	0.2871
May	0.2900	0.2846	0.2876
June	0.2934	0.2859	0.2879
July	0.2965	0.2879	0.2916
August	0.3103	0.2885	0.2954
September	0.3148	0.2951	0.3041
October	0.3139	0.2980	0.3078
November	0.3281	0.3088	0.3194
December	0.3309	0.3166	0.3231