YEARLY HIGH
0.1211 NGN
YEARLY LOW
0.0582 NGN
YEARLY AVERAGE
0.0849 NGN

2016 COP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the COP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.1211. Conversely, the yearly low was recorded on February 16, dropping to 0.0582.

This high-to-low spread represents a total annual volatility of 0.0629 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0607 to the December average rate of 0.1046, the exchange rate registered a net change of 72.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1211 was up 41.16% compared to the 2015 peak of 0.0858, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 605,523 NGN
2015 Average 364,196 NGN
Yearly Trough Low 291,239 NGN
Transaction Impact: A difference of 314,283.59 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1142
0.0543
JanuMarcMayJulySeptNove

COP 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 0.0653, compared to 0.1045 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0392 points.

H1 Avg (Jan–Jun) 0.0653
H2 Avg (Jul–Dec) 0.1045

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0324 NGN (High: 0.0966 / Low: 0.0643). On the other end, February was the most stable month, with a tight range of 0.0020 NGN (High: 0.0602 / Low: 0.0582).

June Spread (Volatile) ±0.0324
February Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0059 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.1092) against the same month in 2015 (average: 0.0661), the exchange rate shifted by +0.0431 (+65.25%).

2016 Avg (August) 0.1092
2015 Avg (August) 0.0661

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0627 0.0589 0.0607
February 0.0602 0.0582 0.0593
March 0.0660 0.0611 0.0637
April 0.0695 0.0642 0.0665
May 0.0700 0.0646 0.0665
June 0.0966 0.0643 0.0752
July 0.1041 0.0946 0.0986
August 0.1211 0.1028 0.1092
September 0.1095 0.1049 0.1072
October 0.1086 0.1048 0.1068
November 0.1049 0.0984 0.1009
December 0.1062 0.1015 0.1046