YEARLY HIGH
118.4061 NGN
YEARLY LOW
65.2634 NGN
YEARLY AVERAGE
84.8101 NGN

2016 TRY to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TRY to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 118.4061. Conversely, the yearly low was recorded on January 17, dropping to 65.2634.

This high-to-low spread represents a total annual volatility of 53.1427 NGN. From a start-to-finish perspective, comparing the January average rate of 66.3411 to the December average rate of 89.8837, the exchange rate registered a net change of 35.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 118.4061 was up 42.42% compared to the 2015 peak of 83.1377, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 5,920,303 NGN
2015 Average 3,647,598 NGN
Yearly Trough Low 3,263,168 NGN
Transaction Impact: A difference of 2,657,134.06 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

113.1769
62.0833
JanuMarcMayJulySeptNove

TRY 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 69.6196, compared to 100.0005 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 30.3809 points.

H1 Avg (Jan–Jun) 69.6196
H2 Avg (Jul–Dec) 100.0005

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 31.5733 NGN (High: 99.0453 / Low: 67.4720). On the other end, April was the most stable month, with a tight range of 1.5069 NGN (High: 71.1411 / Low: 69.6342).

June Spread (Volatile) ±31.5733
April Spread (Stable) ±1.5069

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 6.5396 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -6.5396

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 108.9191) against the same month in 2015 (average: 69.8219), the exchange rate shifted by +39.0972 (+56.00%).

2016 Avg (August) 108.9191
2015 Avg (August) 69.8219

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 68.3290 65.2634 66.3411
February 68.1972 66.6841 67.5631
March 70.4838 67.6987 69.0474
April 71.1411 69.6342 70.1982
May 71.1184 66.5191 67.6701
June 99.0453 67.4720 76.8978
July 106.9356 95.1390 98.4840
August 118.4061 105.4553 108.9191
September 106.8172 104.2056 105.4787
October 104.3190 100.9418 101.8885
November 100.8384 91.0577 95.3489
December 92.3492 86.6854 89.8837