2011 NIO to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 NIO to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the NIO to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 7.8811. Conversely, the yearly low was recorded on August 25, dropping to 6.5727.
This high-to-low spread represents a total annual volatility of 1.3083 NGN. From a start-to-finish perspective, comparing the January average rate of 7.6886 to the December average rate of 7.0831, the exchange rate registered a net change of -7.88% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 7.8811 was up 0.12% compared to the 2010 peak of 7.8715, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NIO based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
NIO to NGN 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 7.3661, compared to 6.9321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4339 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was April, with a trading range of 0.8510 NGN (High: 7.7493 / Low: 6.8983). On the other end, February was the most stable month, with a tight range of 0.0780 NGN (High: 7.7416 / Low: 7.6636).
Growth Streaks & Declines
TrendsBetween July and October, 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 March and April, when the average rate fell by 0.7116 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2011: 7.7813) against the same month in 2010 (average: 7.7470), the exchange rate shifted by +0.0343 (+0.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.7636 | 7.6481 | 7.6886 |
| February | 7.7416 | 7.6636 | 7.6868 |
| March | 7.8811 | 7.7079 | 7.7813 |
| April | 7.7493 | 6.8983 | 7.0697 |
| May | 7.0665 | 6.9470 | 7.0075 |
| June | 7.0069 | 6.7916 | 6.9624 |
| July | 6.8297 | 6.7142 | 6.7791 |
| August | 6.8995 | 6.5727 | 6.8113 |
| September | 7.0119 | 6.8443 | 6.9021 |
| October | 7.2328 | 6.9348 | 7.0500 |
| November | 7.0466 | 6.9183 | 6.9671 |
| December | 7.1593 | 7.0483 | 7.0831 |