YEARLY HIGH
0.5754 JMD
YEARLY LOW
0.5225 JMD
YEARLY AVERAGE
0.5514 JMD

2011 NGN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.5754. Conversely, the yearly low was recorded on October 10, dropping to 0.5225.

This high-to-low spread represents a total annual volatility of 0.0529 JMD. From a start-to-finish perspective, comparing the January average rate of 0.5692 to the December average rate of 0.5310, the exchange rate registered a net change of -6.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.5754 was down 3.63% compared to the 2010 peak of 0.5971, 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 575,432 JMD
2010 Average 580,485 JMD
Yearly Trough Low 522,543 JMD
Transaction Impact: A difference of 52,888.92 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.5731
0.5271
JanuMarcMayJulySeptNove

NGN to JMD 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 0.5572, compared to 0.5455 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0117 points.

H1 Avg (Jan–Jun) 0.5572
H2 Avg (Jul–Dec) 0.5455

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0259 JMD (High: 0.5754 / Low: 0.5496). On the other end, February was the most stable month, with a tight range of 0.0075 JMD (High: 0.5716 / Low: 0.5641).

August Spread (Volatile) ±0.0259
February Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

Between May and July, 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 0.0109 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0109

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.5564) against the same month in 2010 (average: 0.5768), the exchange rate shifted by -0.0205 (-3.55%).

2011 Avg (August) 0.5564
2010 Avg (August) 0.5768

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.5729 0.5644 0.5692
February 0.5716 0.5641 0.5682
March 0.5672 0.5535 0.5610
April 0.5625 0.5480 0.5527
May 0.5517 0.5403 0.5450
June 0.5608 0.5424 0.5471
July 0.5665 0.5562 0.5603
August 0.5754 0.5496 0.5564
September 0.5536 0.5374 0.5474
October 0.5446 0.5225 0.5365
November 0.5467 0.5343 0.5415
December 0.5355 0.5239 0.5310