2010 NGN to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2010.
2010 NGN to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2010
During 2010, the NGN to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 10.7027. Conversely, the yearly low was recorded on January 21, dropping to 9.6490.
This high-to-low spread represents a total annual volatility of 1.0537 SOS. From a start-to-finish perspective, comparing the January average rate of 9.9266 to the December average rate of 10.4980, the exchange rate registered a net change of 5.76% (reflecting a strengthening trend).
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2010.
NGN to SOS 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 10.0333, compared to 10.5866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5533 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2010 was March, with a trading range of 0.3923 SOS (High: 10.1564 / Low: 9.7641). On the other end, November was the most stable month, with a tight range of 0.0708 SOS (High: 10.6767 / Low: 10.6059).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1429 points.
Same-Month Historical Baseline
YoY BaselineHistorical data for the previous year (2009) is currently unavailable. Strongest month average for July 2010 is 10.6516.
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.0201 | 9.6490 | 9.9266 |
| February | 10.0035 | 9.8270 | 9.9181 |
| March | 10.1564 | 9.7641 | 9.9459 |
| April | 10.1394 | 9.7754 | 9.8973 |
| May | 10.2956 | 10.0096 | 10.1657 |
| June | 10.5543 | 10.1927 | 10.3465 |
| July | 10.7027 | 10.5912 | 10.6516 |
| August | 10.7027 | 10.5850 | 10.6541 |
| September | 10.6716 | 10.3401 | 10.5386 |
| October | 10.6789 | 10.3907 | 10.5364 |
| November | 10.6767 | 10.6059 | 10.6409 |
| December | 10.6166 | 10.3488 | 10.4980 |