2016 CVE to NGN Historical Review

YEARLY HIGH

3.5721 NGN

YEARLY LOW

1.9420 NGN

YEARLY AVERAGE

2.5795 NGN

2016 CVE to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CVE to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 3.5721. Conversely, the yearly low was recorded on January 5, dropping to 1.9420.

This high-to-low spread represents a total annual volatility of 1.6301 NGN. From a start-to-finish perspective, comparing the January average rate of 1.9617 to the December average rate of 3.0094, the exchange rate registered a net change of 53.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 3.5721 was up 68.53% compared to the 2015 peak of 2.1196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 17,860 NGN

2015 Average 9,966 NGN

Yearly Trough Low 9,710 NGN

Transaction Impact: A difference of 8,150.44 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

3.4097

1.8301

JanuMarcMayJulySeptNove

CVE 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 2.0569, compared to 3.1021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0452 points.

H1 Avg (Jan–Jun) 2.0569

H2 Avg (Jul–Dec) 3.1021

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.8893 NGN (High: 2.9034 / Low: 2.0141). On the other end, January was the most stable month, with a tight range of 0.0323 NGN (High: 1.9743 / Low: 1.9420).

June Spread (Volatile) ±0.8893

January Spread (Stable) ±0.0323

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 0.0960 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0960

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 3.2781) against the same month in 2015 (average: 2.0103), the exchange rate shifted by +1.2678 (+63.07%).

2016 Avg (August) 3.2781

2015 Avg (August) 2.0103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9743	1.9420	1.9617
February	2.0373	1.9619	2.0020
March	2.0426	1.9596	2.0058
April	2.0628	2.0276	2.0459
May	2.0795	2.0119	2.0454
June	2.9034	2.0141	2.2805
July	3.2336	2.8295	2.9382
August	3.5721	3.1552	3.2781
September	3.2102	3.1533	3.1821
October	3.2018	3.0932	3.1327
November	3.1643	3.0144	3.0724
December	3.0727	2.9324	3.0094