YEARLY HIGH
114.0853 STD
YEARLY LOW
62.2557 STD
YEARLY AVERAGE
90.2223 STD

2016 NGN to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 114.0853. Conversely, the yearly low was recorded on August 22, dropping to 62.2557.

This high-to-low spread represents a total annual volatility of 51.8295 STD. From a start-to-finish perspective, comparing the January average rate of 113.2144 to the December average rate of 73.9368, the exchange rate registered a net change of -34.69% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 114.0853 was down 2.12% compared to the 2015 peak of 116.5540, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 114,085,263 STD
2015 Average 111,576,627 STD
Yearly Trough Low 62,255,747 STD
Transaction Impact: A difference of 51,829,515.80 STD purely based on transaction execution date.

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117.7487
63.3378
JanuMarcMayJulySeptNove

NGN to STD 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 108.6660, compared to 71.7786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 36.8873 points.

H1 Avg (Jan–Jun) 108.6660
H2 Avg (Jul–Dec) 71.7786

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 36.1841 STD (High: 110.4142 / Low: 74.2300). On the other end, January was the most stable month, with a tight range of 1.3920 STD (High: 114.0853 / Low: 112.6933).

June Spread (Volatile) Âą36.1841
January Spread (Stable) Âą1.3920

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 23.8616 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -23.8616

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 113.2144) against the same month in 2015 (average: 113.1163), the exchange rate shifted by +0.0981 (+0.09%).

2016 Avg (January) 113.2144
2015 Avg (January) 113.1163

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Month High Low Average
January 114.0853 112.6933 113.2144
February 113.4155 110.0130 111.2762
March 113.2386 108.5043 110.7738
April 109.2130 107.1704 108.3761
May 110.4712 106.7797 108.7242
June 110.4142 74.2300 99.6310
July 78.5488 68.8889 75.7694
August 70.4319 62.2557 67.8720
September 70.5967 69.1705 69.8392
October 71.7727 69.3438 70.9117
November 73.8097 70.1339 72.3425
December 76.6374 72.7433 73.9368