2016 AWG to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 AWG to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the AWG to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 194.0521. Conversely, the yearly low was recorded on March 12, dropping to 110.5403.
This high-to-low spread represents a total annual volatility of 83.5118 NGN. From a start-to-finish perspective, comparing the January average rate of 111.0158 to the December average rate of 175.3023, the exchange rate registered a net change of 57.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 194.0521 was up 69.94% compared to the 2015 peak of 114.1863, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AWG based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
AWG 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 113.3256, compared to 173.7430 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 60.4175 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 47.1809 NGN (High: 157.8739 / Low: 110.6930). On the other end, April was the most stable month, with a tight range of 0.2890 NGN (High: 111.2025 / Low: 110.9135).
Growth Streaks & Declines
TrendsBetween March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 5.0910 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 179.8040) against the same month in 2015 (average: 110.9582), the exchange rate shifted by +68.8458 (+62.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 111.3970 | 110.8520 | 111.0158 |
| February | 111.3993 | 110.6331 | 110.9530 |
| March | 111.1364 | 110.5403 | 110.9436 |
| April | 111.2025 | 110.9135 | 111.0069 |
| May | 111.2474 | 110.8792 | 111.0656 |
| June | 157.8739 | 110.6930 | 124.9687 |
| July | 178.4313 | 157.2130 | 163.1648 |
| August | 194.0521 | 173.9017 | 179.8040 |
| September | 176.0324 | 173.4814 | 174.7130 |
| October | 176.0477 | 172.2642 | 174.5047 |
| November | 176.0984 | 173.4692 | 174.9694 |
| December | 176.2063 | 169.8657 | 175.3023 |