YEARLY HIGH
52.9289 NGN
YEARLY LOW
28.7553 NGN
YEARLY AVERAGE
38.2031 NGN

2016 DKK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the DKK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 52.9289. Conversely, the yearly low was recorded on January 6, dropping to 28.7553.

This high-to-low spread represents a total annual volatility of 24.1737 NGN. From a start-to-finish perspective, comparing the January average rate of 28.9909 to the December average rate of 44.6156, the exchange rate registered a net change of 53.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 52.9289 was up 69.22% compared to the 2015 peak of 31.2785, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 264,645 NGN
2015 Average 147,204 NGN
Yearly Trough Low 143,776 NGN
Transaction Impact: A difference of 120,868.26 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

50.5041
27.0352
JanuMarcMayJulySeptNove

DKK 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 30.4527, compared to 45.9534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 15.5006 points.

H1 Avg (Jan–Jun) 30.4527
H2 Avg (Jul–Dec) 45.9534

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 13.4015 NGN (High: 43.2272 / Low: 29.8257). On the other end, January was the most stable month, with a tight range of 0.4146 NGN (High: 29.1699 / Low: 28.7553).

June Spread (Volatile) ±13.4015
January Spread (Stable) ±0.4146

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 1.4434 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.4434

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 48.5484) against the same month in 2015 (average: 29.6932), the exchange rate shifted by +18.8552 (+63.50%).

2016 Avg (August) 48.5484
2015 Avg (August) 29.6932

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 29.1699 28.7553 28.9909
February 30.1436 29.0055 29.6050
March 30.3448 28.9972 29.7143
April 30.5976 30.0375 30.3250
May 30.7992 29.7445 30.2365
June 43.2272 29.8257 33.8448
July 48.0322 41.8895 43.5282
August 52.9289 46.7628 48.5484
September 47.5701 46.6554 47.1050
October 47.3272 45.8215 46.4165
November 46.9465 44.5142 45.5065
December 45.5307 43.2759 44.6156