YEARLY HIGH
0.8714 ISK
YEARLY LOW
0.7215 ISK
YEARLY AVERAGE
0.8085 ISK

2010 NGN to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the NGN to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 17, valuing the pair at 0.8714. Conversely, the yearly low was recorded on November 4, dropping to 0.7215.

This high-to-low spread represents a total annual volatility of 0.1498 ISK. From a start-to-finish perspective, comparing the January average rate of 0.8367 to the December average rate of 0.7587, the exchange rate registered a net change of -9.31% (reflecting a weakening trend).

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 871,364 ISK
Yearly Average 808,491 ISK
Yearly Trough Low 721,529 ISK
Transaction Impact: A difference of 149,834.76 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

0.8661
0.7212
JanuMarcMayJulySeptNove

NGN to ISK 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 0.8478, compared to 0.7692 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0786 points.

H1 Avg (Jan–Jun) 0.8478
H2 Avg (Jul–Dec) 0.7692

Volatility Range Comparison

Volatility

The most volatile month in 2010 was September, with a trading range of 0.0591 ISK (High: 0.7903 / Low: 0.7313). On the other end, February was the most stable month, with a tight range of 0.0195 ISK (High: 0.8564 / Low: 0.8370).

September Spread (Volatile) ±0.0591
February Spread (Stable) ±0.0195

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.0321 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0321

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for May 2010 is 0.8540.

2010 Avg (May) 0.8540
Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.8496 0.8185 0.8367
February 0.8564 0.8370 0.8497
March 0.8675 0.8336 0.8502
April 0.8581 0.8347 0.8481
May 0.8714 0.8353 0.8540
June 0.8650 0.8344 0.8481
July 0.8481 0.7995 0.8206
August 0.8009 0.7781 0.7923
September 0.7903 0.7313 0.7654
October 0.7443 0.7232 0.7332
November 0.7776 0.7215 0.7449
December 0.7708 0.7484 0.7587