YEARLY HIGH
0.6339 NGN
YEARLY LOW
0.3662 NGN
YEARLY AVERAGE
0.4724 NGN

2016 CRC to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CRC to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.6339. Conversely, the yearly low was recorded on June 17, dropping to 0.3662.

This high-to-low spread represents a total annual volatility of 0.2676 NGN. From a start-to-finish perspective, comparing the January average rate of 0.3714 to the December average rate of 0.5719, the exchange rate registered a net change of 53.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.6339 was up 66.83% compared to the 2015 peak of 0.3799, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,169 NGN
2015 Average 1,851 NGN
Yearly Trough Low 1,831 NGN
Transaction Impact: A difference of 1,338.20 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.6088
0.3494
JanuMarcMayJulySeptNove

CRC 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 0.3784, compared to 0.5663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1880 points.

H1 Avg (Jan–Jun) 0.3784
H2 Avg (Jul–Dec) 0.5663

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1529 NGN (High: 0.5191 / Low: 0.3662). On the other end, April was the most stable month, with a tight range of 0.0013 NGN (High: 0.3723 / Low: 0.3710).

June Spread (Volatile) ±0.1529
April Spread (Stable) ±0.0013

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 0.0188 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0188

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.5872) against the same month in 2015 (average: 0.3729), the exchange rate shifted by +0.2143 (+57.48%).

2016 Avg (August) 0.5872
2015 Avg (August) 0.3729

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3724 0.3701 0.3714
February 0.3720 0.3697 0.3710
March 0.3734 0.3712 0.3722
April 0.3723 0.3710 0.3718
May 0.3721 0.3702 0.3711
June 0.5191 0.3662 0.4128
July 0.5849 0.5155 0.5354
August 0.6339 0.5665 0.5872
September 0.5716 0.5644 0.5683
October 0.5719 0.5593 0.5671
November 0.5749 0.5620 0.5682
December 0.5766 0.5532 0.5719