2011 ZAR to NGN Historical Review

YEARLY HIGH

23.4993 NGN

YEARLY LOW

18.6163 NGN

YEARLY AVERAGE

21.5691 NGN

2011 ZAR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 23.4993. Conversely, the yearly low was recorded on November 26, dropping to 18.6163.

This high-to-low spread represents a total annual volatility of 4.8831 NGN. From a start-to-finish perspective, comparing the January average rate of 22.0359 to the December average rate of 19.8536, the exchange rate registered a net change of -9.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 23.4993 was up 2.05% compared to the 2010 peak of 23.0281, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 1,174,967 NGN

2010 Average 1,034,092 NGN

Yearly Trough Low 930,813 NGN

Transaction Impact: A difference of 244,153.82 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

23.3552

19.1526

JanuMarcMayJulySeptNove

ZAR 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 22.4102, compared to 20.7280 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6822 points.

H1 Avg (Jan–Jun) 22.4102

H2 Avg (Jul–Dec) 20.7280

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 3.2812 NGN (High: 22.0834 / Low: 18.8023). On the other end, June was the most stable month, with a tight range of 0.7968 NGN (High: 23.2245 / Low: 22.4277).

September Spread (Volatile) ±3.2812

June Spread (Stable) ±0.7968

Growth Streaks & Declines

Trends

Between 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 August and September, when the average rate fell by 0.9085 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9085

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 23.0050) against the same month in 2010 (average: 20.4774), the exchange rate shifted by +2.5276 (+12.34%).

2011 Avg (April) 23.0050

2010 Avg (April) 20.4774

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.0329	21.1874	22.0359
February	22.0222	20.8837	21.2875
March	22.8880	22.0637	22.4342
April	23.4993	22.5452	23.0050
May	23.4993	22.2692	22.7675
June	23.2245	22.4277	22.9309
July	22.9109	21.7600	22.4544
August	22.8256	20.5756	21.6707
September	22.0834	18.8023	20.7622
October	20.8674	19.1126	20.1244
November	20.1316	18.6163	19.5028
December	20.1840	19.3156	19.8536