2012 NGN to STD Historical Review

YEARLY HIGH

128.1724 STD

YEARLY LOW

113.8101 STD

YEARLY AVERAGE

120.5189 STD

2012 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 128.1724. Conversely, the yearly low was recorded on January 1, dropping to 113.8101.

This high-to-low spread represents a total annual volatility of 14.3623 STD. From a start-to-finish perspective, comparing the January average rate of 117.6648 to the December average rate of 119.1944, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 128.1724 was up 3.10% compared to the 2011 peak of 124.3176, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 128,172,377 STD

2011 Average 113,177,797 STD

Yearly Trough Low 113,810,100 STD

Transaction Impact: A difference of 14,362,276.50 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

127.7989

116.0480

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 118.2167, compared to 122.8211 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.6045 points.

H1 Avg (Jan–Jun) 118.2167

H2 Avg (Jul–Dec) 122.8211

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 7.3021 STD (High: 128.1724 / Low: 120.8703). On the other end, December was the most stable month, with a tight range of 3.0336 STD (High: 120.7709 / Low: 117.7373).

September Spread (Volatile) ±7.3021

December Spread (Stable) ±3.0336

Growth Streaks & Declines

Trends

Between February and May, 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 September and October, when the average rate fell by 2.3173 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.3173

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 124.5096) against the same month in 2011 (average: 112.4573), the exchange rate shifted by +12.0524 (+10.72%).

2012 Avg (September) 124.5096

2011 Avg (September) 112.4573

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	119.6329	113.8101	117.6648
February	118.7064	115.4956	117.0272
March	119.8654	116.2600	117.8203
April	119.6712	116.6256	118.4381
May	121.5767	117.3714	119.6041
June	120.9382	115.3611	118.7456
July	126.2709	119.5494	122.8617
August	128.1513	124.3979	126.8196
September	128.1724	120.8703	124.5096
October	124.7983	120.6708	122.1924
November	122.5663	119.5104	121.3492
December	120.7709	117.7373	119.1944