2016 EGP to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 EGP to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the EGP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 39.1961. Conversely, the yearly low was recorded on December 20, dropping to 16.0249.
This high-to-low spread represents a total annual volatility of 23.1712 NGN. From a start-to-finish perspective, comparing the January average rate of 25.4243 to the December average rate of 17.1157, the exchange rate registered a net change of -32.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 39.1961 was up 45.99% compared to the 2015 peak of 26.8492, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
EGP to NGN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.1151, compared to 29.6694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5544 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was November, with a trading range of 17.7926 NGN (High: 35.3867 / Low: 17.5941). On the other end, January was the most stable month, with a tight range of 0.0710 NGN (High: 25.4642 / Low: 25.3932).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 14.1634 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 36.3235) against the same month in 2015 (average: 25.4170), the exchange rate shifted by +10.9065 (+42.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.4642 | 25.3932 | 25.4243 |
| February | 25.4444 | 25.3470 | 25.4047 |
| March | 25.4866 | 22.2358 | 23.7632 |
| April | 22.4806 | 22.4013 | 22.4211 |
| May | 22.4645 | 22.3907 | 22.4240 |
| June | 32.0158 | 22.3541 | 25.2530 |
| July | 36.0286 | 31.7485 | 32.9534 |
| August | 39.1961 | 35.2222 | 36.3235 |
| September | 35.5174 | 35.0246 | 35.2681 |
| October | 35.5691 | 34.8038 | 35.2596 |
| November | 35.3867 | 17.5941 | 21.0962 |
| December | 17.7172 | 16.0249 | 17.1157 |