YEARLY HIGH
174.2200 NGN
YEARLY LOW
98.9424 NGN
YEARLY AVERAGE
128.7391 NGN

2016 BZD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BZD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 174.2200. Conversely, the yearly low was recorded on June 16, dropping to 98.9424.

This high-to-low spread represents a total annual volatility of 75.2775 NGN. From a start-to-finish perspective, comparing the January average rate of 99.7750 to the December average rate of 157.0155, the exchange rate registered a net change of 57.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 174.2200 was up 69.95% compared to the 2015 peak of 102.5131, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 871,100 NGN
2015 Average 494,724 NGN
Yearly Trough Low 494,712 NGN
Transaction Impact: A difference of 376,387.63 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

167.5040
93.3350
JanuMarcMayJulySeptNove

BZD 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 101.7258, compared to 155.7525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 54.0267 points.

H1 Avg (Jan–Jun) 101.7258
H2 Avg (Jul–Dec) 155.7525

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 42.0511 NGN (High: 140.9935 / Low: 98.9424). On the other end, January was the most stable month, with a tight range of 0.2865 NGN (High: 99.9706 / Low: 99.6841).

June Spread (Volatile) ±42.0511
January Spread (Stable) ±0.2865

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 4.8016 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -4.8016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 161.3233) against the same month in 2015 (average: 99.0871), the exchange rate shifted by +62.2362 (+62.81%).

2016 Avg (August) 161.3233
2015 Avg (August) 99.0871

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 99.9706 99.6841 99.7750
February 99.8502 99.3930 99.7352
March 99.9572 99.4310 99.7259
April 99.8640 99.4291 99.7487
May 99.8190 99.0107 99.5158
June 140.9935 98.9424 111.8539
July 159.5922 140.7686 146.2779
August 174.2200 156.0905 161.3233
September 157.4565 155.6097 156.5217
October 157.8756 154.1710 156.5370
November 157.9182 155.7955 156.8395
December 158.0374 151.6259 157.0155