YEARLY HIGH
1.8989 MRO
YEARLY LOW
1.7014 MRO
YEARLY AVERAGE
1.8121 MRO

2010 NGN to MRO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the NGN to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on August 3, valuing the pair at 1.8989. Conversely, the yearly low was recorded on February 15, dropping to 1.7014.

This high-to-low spread represents a total annual volatility of 0.1975 MRO. From a start-to-finish perspective, comparing the January average rate of 1.7326 to the December average rate of 1.8363, the exchange rate registered a net change of 5.99% (reflecting a strengthening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 1,898,937 MRO
Yearly Average 1,812,111 MRO
Yearly Trough Low 1,701,389 MRO
Transaction Impact: A difference of 197,547.76 MRO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

1.9012
1.6989
JanuMarcMayJulySeptNove

NGN to MRO 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 1.7606, compared to 1.8636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1030 points.

H1 Avg (Jan–Jun) 1.7606
H2 Avg (Jul–Dec) 1.8636

Volatility Range Comparison

Volatility

The most volatile month in 2010 was November, with a trading range of 0.0690 MRO (High: 1.8859 / Low: 1.8170). On the other end, February was the most stable month, with a tight range of 0.0288 MRO (High: 1.7302 / Low: 1.7014).

November Spread (Volatile) ±0.0690
February Spread (Stable) ±0.0288

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0168 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0168

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for August 2010 is 1.8843.

2010 Avg (August) 1.8843
Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.7564 1.7161 1.7326
February 1.7302 1.7014 1.7158
March 1.7620 1.7292 1.7459
April 1.7761 1.7438 1.7622
May 1.8028 1.7620 1.7861
June 1.8593 1.7971 1.8211
July 1.8989 1.8592 1.8790
August 1.8989 1.8631 1.8843
September 1.8912 1.8452 1.8738
October 1.8928 1.8343 1.8624
November 1.8859 1.8170 1.8457
December 1.8666 1.8080 1.8363