YEARLY HIGH
0.0386 NGN
YEARLY LOW
0.0254 NGN
YEARLY AVERAGE
0.0304 NGN

2016 GNF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the GNF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.0386. Conversely, the yearly low was recorded on January 23, dropping to 0.0254.

This high-to-low spread represents a total annual volatility of 0.0132 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0257 to the December average rate of 0.0339, the exchange rate registered a net change of 31.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0386 was up 36.26% compared to the 2015 peak of 0.0283, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 193 NGN
2015 Average 135 NGN
Yearly Trough Low 127 NGN
Transaction Impact: A difference of 65.75 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0366
0.0247
JanuMarcMayJulySeptNove

GNF 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 0.0266, compared to 0.0343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0077 points.

H1 Avg (Jan–Jun) 0.0266
H2 Avg (Jul–Dec) 0.0343

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0065 NGN (High: 0.0336 / Low: 0.0270). On the other end, April was the most stable month, with a tight range of 0.0002 NGN (High: 0.0264 / Low: 0.0262).

June Spread (Volatile) ±0.0065
April Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0012 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.0356) against the same month in 2015 (average: 0.0273), the exchange rate shifted by +0.0084 (+30.60%).

2016 Avg (August) 0.0356
2015 Avg (August) 0.0273

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0260 0.0254 0.0257
February 0.0261 0.0256 0.0258
March 0.0263 0.0260 0.0261
April 0.0264 0.0262 0.0262
May 0.0272 0.0263 0.0269
June 0.0336 0.0270 0.0287
July 0.0361 0.0313 0.0327
August 0.0386 0.0344 0.0356
September 0.0349 0.0342 0.0344
October 0.0348 0.0341 0.0344
November 0.0348 0.0340 0.0344
December 0.0345 0.0323 0.0339