2012 NGN to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2012.
2012 NGN to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2012
During 2012, the NGN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 0.5749. Conversely, the yearly low was recorded on January 31, dropping to 0.5195.
This high-to-low spread represents a total annual volatility of 0.0554 CVE. From a start-to-finish perspective, comparing the January average rate of 0.5303 to the December average rate of 0.5361, the exchange rate registered a net change of 1.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2012 high of 0.5749 was up 2.85% compared to the 2011 peak of 0.5589, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2012.
NGN to CVE 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 0.5345, compared to 0.5484 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0139 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2012 was July, with a trading range of 0.0366 CVE (High: 0.5749 / Low: 0.5383). On the other end, March was the most stable month, with a tight range of 0.0099 CVE (High: 0.5356 / Low: 0.5258).
Growth Streaks & Declines
TrendsBetween February and May, 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 August and September, when the average rate fell by 0.0189 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2012: 0.5585) against the same month in 2011 (average: 0.5072), the exchange rate shifted by +0.0513 (+10.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.5382 | 0.5195 | 0.5303 |
| February | 0.5331 | 0.5202 | 0.5270 |
| March | 0.5356 | 0.5258 | 0.5302 |
| April | 0.5366 | 0.5258 | 0.5328 |
| May | 0.5577 | 0.5288 | 0.5439 |
| June | 0.5551 | 0.5364 | 0.5431 |
| July | 0.5749 | 0.5383 | 0.5585 |
| August | 0.5711 | 0.5526 | 0.5632 |
| September | 0.5585 | 0.5348 | 0.5442 |
| October | 0.5472 | 0.5363 | 0.5416 |
| November | 0.5527 | 0.5406 | 0.5470 |
| December | 0.5446 | 0.5292 | 0.5361 |