2016 ETB to NGN Historical Review

YEARLY HIGH

15.7527 NGN

YEARLY LOW

9.0948 NGN

YEARLY AVERAGE

11.7508 NGN

2016 ETB to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ETB to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 15.7527. Conversely, the yearly low was recorded on June 15, dropping to 9.0948.

This high-to-low spread represents a total annual volatility of 6.6579 NGN. From a start-to-finish perspective, comparing the January average rate of 9.3705 to the December average rate of 14.0590, the exchange rate registered a net change of 50.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 15.7527 was up 56.17% compared to the 2015 peak of 10.0870, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 78,764 NGN

2015 Average 47,831 NGN

Yearly Trough Low 45,474 NGN

Transaction Impact: A difference of 33,289.43 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

15.1561

8.6370

JanuMarcMayJulySeptNove

ETB 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 9.4491, compared to 14.0526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.6034 points.

H1 Avg (Jan–Jun) 9.4491

H2 Avg (Jul–Dec) 14.0526

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 3.8924 NGN (High: 12.9873 / Low: 9.0948). On the other end, April was the most stable month, with a tight range of 0.0532 NGN (High: 9.2607 / Low: 9.2075).

June Spread (Volatile) ±3.8924

April Spread (Stable) ±0.0532

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 0.4534 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4534

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 14.6129) against the same month in 2015 (average: 9.5575), the exchange rate shifted by +5.0554 (+52.89%).

2016 Avg (August) 14.6129

2015 Avg (August) 9.5575

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.3974	9.3357	9.3705
February	9.3565	9.3030	9.3338
March	9.3348	9.2476	9.3030
April	9.2607	9.2075	9.2335
May	9.2416	9.0959	9.1803
June	12.9873	9.0948	10.2738
July	14.5170	12.8498	13.3260
August	15.7527	14.1431	14.6129
September	14.2637	14.0563	14.1595
October	14.2321	13.9133	14.0989
November	14.1514	13.9509	14.0591
December	14.1905	13.6063	14.0590