2011 NGN to MGA Historical Review

YEARLY HIGH

14.0873 MGA

YEARLY LOW

12.3254 MGA

YEARLY AVERAGE

12.9655 MGA

2011 NGN to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 14.0873. Conversely, the yearly low was recorded on June 22, dropping to 12.3254.

This high-to-low spread represents a total annual volatility of 1.7618 MGA. From a start-to-finish perspective, comparing the January average rate of 13.7095 to the December average rate of 13.1773, the exchange rate registered a net change of -3.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 14.0873 was down 6.22% compared to the 2010 peak of 15.0209, 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 14,087,265 MGA

2010 Average 13,865,723 MGA

Yearly Trough Low 12,325,445 MGA

Transaction Impact: A difference of 1,761,820.12 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

13.8344

12.3356

JanuMarcMayJulySeptNove

NGN to MGA 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 12.9351, compared to 12.9959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0608 points.

H1 Avg (Jan–Jun) 12.9351

H2 Avg (Jul–Dec) 12.9959

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 0.9073 MGA (High: 13.7753 / Low: 12.8681). On the other end, May was the most stable month, with a tight range of 0.2292 MGA (High: 12.6807 / Low: 12.4515).

December Spread (Volatile) ±0.9073

May Spread (Stable) ±0.2292

Growth Streaks & Declines

Trends

Between August and November, 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 January and February, when the average rate fell by 0.4960 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4960

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 13.7095) against the same month in 2010 (average: 13.4776), the exchange rate shifted by +0.2319 (+1.72%).

2011 Avg (January) 13.7095

2010 Avg (January) 13.4776

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.0873	13.4381	13.7095
February	13.4288	13.0461	13.2135
March	13.0842	12.7800	12.9249
April	12.9933	12.5774	12.7387
May	12.6807	12.4515	12.5635
June	12.7408	12.3254	12.4605
July	13.0201	12.6521	12.8554
August	13.0872	12.5322	12.7547
September	13.0406	12.5186	12.8395
October	13.3876	12.5982	13.0744
November	13.4389	13.0824	13.2740
December	13.7753	12.8681	13.1773