2011 TRY to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 TRY to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 102.5964. Conversely, the yearly low was recorded on October 4, dropping to 83.4830.
This high-to-low spread represents a total annual volatility of 19.1134 NGN. From a start-to-finish perspective, comparing the January average rate of 97.4049 to the December average rate of 86.8818, the exchange rate registered a net change of -10.80% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 102.5964 was down 5.41% compared to the 2010 peak of 108.4647, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 TRY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
TRY 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 98.3187, compared to 88.0982 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.2204 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was October, with a trading range of 7.8118 NGN (High: 91.2948 / Low: 83.4830). On the other end, April was the most stable month, with a tight range of 2.1398 NGN (High: 102.5964 / Low: 100.4566).
Growth Streaks & Declines
TrendsBetween February and April, 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 5.3097 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2011: 101.6986) against the same month in 2010 (average: 100.7766), the exchange rate shifted by +0.9220 (+0.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 99.4397 | 94.9143 | 97.4049 |
| February | 97.5225 | 95.2315 | 96.1864 |
| March | 100.4917 | 94.9067 | 98.2284 |
| April | 102.5964 | 100.4566 | 101.6986 |
| May | 101.7730 | 97.4692 | 99.1183 |
| June | 99.1452 | 93.6534 | 97.2754 |
| July | 94.1508 | 88.6651 | 91.9657 |
| August | 91.0667 | 84.3939 | 87.4969 |
| September | 89.8704 | 85.1149 | 87.0727 |
| October | 91.2948 | 83.4830 | 87.5181 |
| November | 89.6414 | 84.5397 | 87.6540 |
| December | 88.6862 | 85.1431 | 86.8818 |