YEARLY HIGH
0.0378 DKK
YEARLY LOW
0.0324 DKK
YEARLY AVERAGE
0.0344 DKK

2011 NGN to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0378. Conversely, the yearly low was recorded on May 4, dropping to 0.0324.

This high-to-low spread represents a total annual volatility of 0.0054 DKK. From a start-to-finish perspective, comparing the January average rate of 0.0365 to the December average rate of 0.0348, the exchange rate registered a net change of -4.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0378 was down 8.13% compared to the 2010 peak of 0.0412, 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 37,811 DKK
2010 Average 37,217 DKK
Yearly Trough Low 32,392 DKK
Transaction Impact: A difference of 5,418.63 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0369
0.0330
JanuMarcMayJulySeptNove

NGN to DKK 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 0.0344, compared to 0.0343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0344
H2 Avg (Jul–Dec) 0.0343

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0026 DKK (High: 0.0354 / Low: 0.0328). On the other end, February was the most stable month, with a tight range of 0.0011 DKK (High: 0.0363 / Low: 0.0352).

October Spread (Volatile) ±0.0026
February Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between October and December, 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 February and March, when the average rate fell by 0.0014 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0365) against the same month in 2010 (average: 0.0347), the exchange rate shifted by +0.0018 (+5.32%).

2011 Avg (January) 0.0365
2010 Avg (January) 0.0347

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0378 0.0357 0.0365
February 0.0363 0.0352 0.0357
March 0.0352 0.0338 0.0343
April 0.0341 0.0325 0.0334
May 0.0340 0.0324 0.0333
June 0.0338 0.0327 0.0333
July 0.0351 0.0338 0.0343
August 0.0348 0.0331 0.0338
September 0.0352 0.0337 0.0346
October 0.0354 0.0328 0.0339
November 0.0352 0.0339 0.0346
December 0.0354 0.0342 0.0348