2016 GMD to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 GMD to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the GMD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 8.1620. Conversely, the yearly low was recorded on March 29, dropping to 4.6436.
This high-to-low spread represents a total annual volatility of 3.5184 NGN. From a start-to-finish perspective, comparing the January average rate of 5.0398 to the December average rate of 7.3545, the exchange rate registered a net change of 45.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 8.1620 was up 58.83% compared to the 2015 peak of 5.1389, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
GMD 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 4.9260, compared to 7.2993 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3732 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 1.9661 NGN (High: 6.6106 / Low: 4.6444). On the other end, May was the most stable month, with a tight range of 0.0308 NGN (High: 4.6748 / Low: 4.6440).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 0.2385 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 7.5586) against the same month in 2015 (average: 5.0067), the exchange rate shifted by +2.5519 (+50.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.0735 | 5.0230 | 5.0398 |
| February | 5.0798 | 5.0241 | 5.0411 |
| March | 5.0843 | 4.6436 | 4.9044 |
| April | 4.6941 | 4.6456 | 4.6659 |
| May | 4.6748 | 4.6440 | 4.6564 |
| June | 6.6106 | 4.6444 | 5.2487 |
| July | 7.5126 | 6.5999 | 6.8543 |
| August | 8.1620 | 7.3236 | 7.5586 |
| September | 7.4035 | 7.2786 | 7.3458 |
| October | 7.3863 | 7.2468 | 7.3348 |
| November | 7.4141 | 7.2770 | 7.3477 |
| December | 7.4435 | 7.1616 | 7.3545 |