2016 GEL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 GEL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the GEL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 152.7709. Conversely, the yearly low was recorded on February 15, dropping to 79.6770.
This high-to-low spread represents a total annual volatility of 73.0940 NGN. From a start-to-finish perspective, comparing the January average rate of 81.7253 to the December average rate of 118.7544, the exchange rate registered a net change of 45.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 152.7709 was up 31.96% compared to the 2015 peak of 115.7709, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
GEL 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 87.8287, compared to 129.7221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.8934 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 36.1985 NGN (High: 127.0282 / Low: 90.8297). On the other end, February was the most stable month, with a tight range of 1.2630 NGN (High: 80.9400 / Low: 79.6770).
Growth Streaks & Declines
TrendsBetween February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 8.2247 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 139.1718) against the same month in 2015 (average: 85.6598), the exchange rate shifted by +53.5119 (+62.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 83.0688 | 79.9606 | 81.7253 |
| February | 80.9400 | 79.6770 | 80.1432 |
| March | 87.0384 | 80.5485 | 83.8425 |
| April | 89.4147 | 86.5261 | 88.2305 |
| May | 93.0658 | 89.3226 | 91.2879 |
| June | 127.0282 | 90.8297 | 101.7426 |
| July | 136.0858 | 120.3389 | 124.9907 |
| August | 152.7709 | 135.2481 | 139.1718 |
| September | 137.1386 | 133.1409 | 135.5243 |
| October | 134.6060 | 131.3216 | 132.9121 |
| November | 130.1836 | 123.4193 | 126.9791 |
| December | 123.5651 | 113.0611 | 118.7544 |