YEARLY HIGH
1.9614 NGN
YEARLY LOW
1.1159 NGN
YEARLY AVERAGE
1.4486 NGN

2016 DJF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the DJF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 1.9614. Conversely, the yearly low was recorded on March 12, dropping to 1.1159.

This high-to-low spread represents a total annual volatility of 0.8455 NGN. From a start-to-finish perspective, comparing the January average rate of 1.1205 to the December average rate of 1.7642, the exchange rate registered a net change of 57.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.9614 was up 70.54% compared to the 2015 peak of 1.1501, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,807 NGN
2015 Average 5,570 NGN
Yearly Trough Low 5,579 NGN
Transaction Impact: A difference of 4,227.58 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.8876
1.0501
JanuMarcMayJulySeptNove

DJF 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 1.1437, compared to 1.7534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6097 points.

H1 Avg (Jan–Jun) 1.1437
H2 Avg (Jul–Dec) 1.7534

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.4786 NGN (High: 1.5947 / Low: 1.1161). On the other end, April was the most stable month, with a tight range of 0.0033 NGN (High: 1.1223 / Low: 1.1190).

June Spread (Volatile) ±0.4786
April Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0537 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0537

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 1.8178) against the same month in 2015 (average: 1.1197), the exchange rate shifted by +0.6980 (+62.34%).

2016 Avg (August) 1.8178
2015 Avg (August) 1.1197

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.1250 1.1190 1.1205
February 1.1250 1.1168 1.1199
March 1.1223 1.1159 1.1198
April 1.1223 1.1190 1.1203
May 1.1225 1.1185 1.1209
June 1.5947 1.1161 1.2608
July 1.8057 1.5885 1.6500
August 1.9614 1.7568 1.8178
September 1.7788 1.7523 1.7641
October 1.7805 1.7407 1.7616
November 1.7729 1.7491 1.7627
December 1.7737 1.7124 1.7642