2011 TOP to NGN Historical Review

YEARLY HIGH

95.6903 NGN

YEARLY LOW

81.4466 NGN

YEARLY AVERAGE

88.9473 NGN

2011 TOP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TOP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 10, valuing the pair at 95.6903. Conversely, the yearly low was recorded on January 2, dropping to 81.4466.

This high-to-low spread represents a total annual volatility of 14.2437 NGN. From a start-to-finish perspective, comparing the January average rate of 82.0149 to the December average rate of 93.5669, the exchange rate registered a net change of 14.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 95.6903 was up 15.76% compared to the 2010 peak of 82.6600, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 TOP based on timing:

Yearly Peak High 478,452 NGN

2010 Average 392,378 NGN

Yearly Trough Low 407,233 NGN

Transaction Impact: A difference of 71,218.44 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

94.9771

80.8365

JanuMarcMayJulySeptNove

TOP to NGN 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 85.0707, compared to 92.8240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.7533 points.

H1 Avg (Jan–Jun) 85.0707

H2 Avg (Jul–Dec) 92.8240

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 7.5544 NGN (High: 94.8816 / Low: 87.3272). On the other end, February was the most stable month, with a tight range of 1.1048 NGN (High: 83.1201 / Low: 82.0154).

July Spread (Volatile) ±7.5544

February Spread (Stable) ±1.1048

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.8124 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.8124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 93.7987) against the same month in 2010 (average: 77.7430), the exchange rate shifted by +16.0557 (+20.65%).

2011 Avg (August) 93.7987

2010 Avg (August) 77.7430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	82.6846	81.4466	82.0149
February	83.1201	82.0154	82.4765
March	84.4355	83.0672	83.5781
April	87.0018	82.8851	84.4525
May	89.1548	87.0018	88.4201
June	90.8301	88.4638	89.4820
July	94.8816	87.3272	90.4062
August	95.6903	90.1738	93.7987
September	95.2164	90.8667	92.9863
October	94.9234	92.0776	93.2972
November	94.4348	89.3804	92.8886
December	95.1747	92.4483	93.5669