YEARLY HIGH
269.1857 NGN
YEARLY LOW
136.4705 NGN
YEARLY AVERAGE
194.5676 NGN

2016 CAD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CAD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 269.1857. Conversely, the yearly low was recorded on January 19, dropping to 136.4705.

This high-to-low spread represents a total annual volatility of 132.7152 NGN. From a start-to-finish perspective, comparing the January average rate of 140.3560 to the December average rate of 235.8379, the exchange rate registered a net change of 68.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 269.1857 was up 61.89% compared to the 2015 peak of 166.2747, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,345,928 NGN
2015 Average 774,763 NGN
Yearly Trough Low 682,352 NGN
Transaction Impact: A difference of 663,575.98 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

258.8544
129.5834
JanuMarcMayJulySeptNove

CAD 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 152.9795, compared to 236.1557 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 83.1761 points.

H1 Avg (Jan–Jun) 152.9795
H2 Avg (Jul–Dec) 236.1557

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 69.7420 NGN (High: 221.6365 / Low: 151.8944). On the other end, November was the most stable month, with a tight range of 4.4413 NGN (High: 235.7912 / Low: 231.3499).

June Spread (Volatile) ±69.7420
November Spread (Stable) ±4.4413

Growth Streaks & Declines

Trends

Between January and April, 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 8.9991 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -8.9991

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 248.0818) against the same month in 2015 (average: 151.4097), the exchange rate shifted by +96.6721 (+63.85%).

2016 Avg (August) 248.0818
2015 Avg (August) 151.4097

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 143.9249 136.4705 140.3560
February 147.7209 141.7212 144.3007
March 153.1327 148.0402 150.5343
April 158.6280 151.4326 155.1501
May 158.8314 151.4993 153.8216
June 221.6365 151.8944 173.7146
July 245.1388 215.4263 224.5046
August 269.1857 238.1465 248.0818
September 243.2242 236.1808 239.0828
October 239.3697 232.5329 236.2238
November 235.7912 231.3499 233.2030
December 240.4659 227.4515 235.8379