2011 SYP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 SYP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the SYP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 3.3681. Conversely, the yearly low was recorded on November 8, dropping to 3.0724.
This high-to-low spread represents a total annual volatility of 0.2957 NGN. From a start-to-finish perspective, comparing the January average rate of 3.2623 to the December average rate of 3.1474, the exchange rate registered a net change of -3.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 3.3681 was up 0.50% compared to the 2010 peak of 3.3514, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SYP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
SYP 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 3.2805, compared to 3.2098 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0707 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was August, with a trading range of 0.1566 NGN (High: 3.2881 / Low: 3.1315). On the other end, January was the most stable month, with a tight range of 0.0354 NGN (High: 3.2794 / Low: 3.2439).
Growth Streaks & Declines
TrendsBetween January and March, 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 June and July, when the average rate fell by 0.0742 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2011: 3.3198) against the same month in 2010 (average: 3.2701), the exchange rate shifted by +0.0497 (+1.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.2794 | 3.2439 | 3.2623 |
| February | 3.2991 | 3.2493 | 3.2709 |
| March | 3.3681 | 3.2710 | 3.3198 |
| April | 3.2699 | 3.2310 | 3.2569 |
| May | 3.3227 | 3.2529 | 3.2901 |
| June | 3.3055 | 3.2090 | 3.2830 |
| July | 3.2315 | 3.1710 | 3.2088 |
| August | 3.2881 | 3.1315 | 3.2378 |
| September | 3.2964 | 3.2027 | 3.2468 |
| October | 3.3151 | 3.1885 | 3.2355 |
| November | 3.2215 | 3.0724 | 3.1824 |
| December | 3.2272 | 3.0954 | 3.1474 |