2011 NGN to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 NGN to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 124.3176. Conversely, the yearly low was recorded on May 1, dropping to 106.7552.
This high-to-low spread represents a total annual volatility of 17.5624 STD. From a start-to-finish perspective, comparing the January average rate of 120.4989 to the December average rate of 114.0529, the exchange rate registered a net change of -5.35% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 124.3176 was down 8.41% compared to the 2010 peak of 135.7324, 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 STD 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 113.5681, compared to 112.8263 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7418 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was April, with a trading range of 8.5814 STD (High: 115.3366 / Low: 106.7552). On the other end, July was the most stable month, with a tight range of 3.4448 STD (High: 114.1215 / Low: 110.6767).
Growth Streaks & Declines
TrendsBetween October and December, 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 February and March, when the average rate fell by 4.6529 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2011: 120.4989) against the same month in 2010 (average: 108.9291), the exchange rate shifted by +11.5699 (+10.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 124.3176 | 117.5423 | 120.4989 |
| February | 119.4859 | 115.6938 | 117.7952 |
| March | 115.9996 | 111.1869 | 113.1423 |
| April | 115.3366 | 106.7552 | 110.4054 |
| May | 111.3631 | 106.7552 | 109.8194 |
| June | 112.2543 | 107.9750 | 109.7472 |
| July | 114.1215 | 110.6767 | 112.6841 |
| August | 114.4696 | 109.1155 | 111.8814 |
| September | 115.4798 | 109.3627 | 112.4573 |
| October | 116.7799 | 109.3289 | 112.4192 |
| November | 114.5573 | 110.2214 | 113.4629 |
| December | 116.3115 | 111.7983 | 114.0529 |