YEARLY HIGH
0.0858 MVR
YEARLY LOW
0.0826 MVR
YEARLY AVERAGE
0.0847 MVR

2010 NGN to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the NGN to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0858. Conversely, the yearly low was recorded on September 28, dropping to 0.0826.

This high-to-low spread represents a total annual volatility of 0.0032 MVR. From a start-to-finish perspective, comparing the January average rate of 0.0851 to the December average rate of 0.0839, the exchange rate registered a net change of -1.41% (reflecting a weakening trend).

Transfer Payout Power Comparison

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

Yearly Peak High 85,766 MVR
Yearly Average 84,716 MVR
Yearly Trough Low 82,565 MVR
Transaction Impact: A difference of 3,201.62 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

0.0855
0.0837
JanuMarcMayJulySeptNove

NGN to MVR 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 0.0849, compared to 0.0846 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0849
H2 Avg (Jul–Dec) 0.0846

Volatility Range Comparison

Volatility

The most volatile month in 2010 was October, with a trading range of 0.0023 MVR (High: 0.0852 / Low: 0.0829). On the other end, November was the most stable month, with a tight range of 0.0005 MVR (High: 0.0853 / Low: 0.0848).

October Spread (Volatile) ±0.0023
November Spread (Stable) ±0.0005

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 November and December, when the average rate fell by 0.0011 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for January 2010 is 0.0851.

2010 Avg (January) 0.0851
Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0858 0.0845 0.0851
February 0.0851 0.0835 0.0847
March 0.0857 0.0848 0.0853
April 0.0854 0.0844 0.0851
May 0.0852 0.0839 0.0845
June 0.0851 0.0839 0.0847
July 0.0857 0.0849 0.0853
August 0.0853 0.0844 0.0850
September 0.0848 0.0826 0.0840
October 0.0852 0.0829 0.0842
November 0.0853 0.0848 0.0850
December 0.0848 0.0826 0.0839