2011 NGN to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 NGN to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the NGN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 8.5393. Conversely, the yearly low was recorded on March 30, dropping to 7.6479.
This high-to-low spread represents a total annual volatility of 0.8914 MNT. From a start-to-finish perspective, comparing the January average rate of 8.1573 to the December average rate of 8.3992, the exchange rate registered a net change of 2.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 8.5393 was down 13.13% compared to the 2010 peak of 9.8297, 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 2011.
NGN to MNT 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 7.9982, compared to 8.1316 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1334 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was August, with a trading range of 0.5579 MNT (High: 8.3570 / Low: 7.7991). On the other end, February was the most stable month, with a tight range of 0.1205 MNT (High: 8.2169 / Low: 8.0964).
Growth Streaks & Declines
TrendsBetween April and July, 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 February and March, when the average rate fell by 0.2669 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 8.3992) against the same month in 2010 (average: 8.0192), the exchange rate shifted by +0.3799 (+4.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3518 | 8.0331 | 8.1573 |
| February | 8.2169 | 8.0964 | 8.1612 |
| March | 8.1300 | 7.6479 | 7.8944 |
| April | 8.2021 | 7.7084 | 7.8575 |
| May | 8.1857 | 7.6887 | 7.8767 |
| June | 8.2801 | 7.9114 | 8.0419 |
| July | 8.2860 | 8.0891 | 8.1646 |
| August | 8.3570 | 7.7991 | 8.0038 |
| September | 8.0836 | 7.9502 | 8.0197 |
| October | 8.2245 | 7.7970 | 8.0021 |
| November | 8.3251 | 8.1187 | 8.2004 |
| December | 8.5393 | 8.2671 | 8.3992 |