2016 HNL to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 HNL to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the HNL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 15.2285. Conversely, the yearly low was recorded on June 19, dropping to 8.7479.
This high-to-low spread represents a total annual volatility of 6.4806 NGN. From a start-to-finish perspective, comparing the January average rate of 8.8752 to the December average rate of 13.4984, the exchange rate registered a net change of 52.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 15.2285 was up 57.36% compared to the 2015 peak of 9.6777, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
HNL 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 8.9992, compared to 13.5771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.5779 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 3.6889 NGN (High: 12.4368 / Low: 8.7479). On the other end, April was the most stable month, with a tight range of 0.0306 NGN (High: 8.8342 / Low: 8.8037).
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 August and September, when the average rate fell by 0.4073 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2016: 14.1064) against the same month in 2015 (average: 9.0823), the exchange rate shifted by +5.0240 (+55.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.9389 | 8.8241 | 8.8752 |
| February | 8.8524 | 8.7903 | 8.8148 |
| March | 8.8174 | 8.7814 | 8.8016 |
| April | 8.8342 | 8.8037 | 8.8189 |
| May | 8.8290 | 8.7946 | 8.8133 |
| June | 12.4368 | 8.7479 | 9.8718 |
| July | 14.0571 | 12.3965 | 12.8454 |
| August | 15.2285 | 13.6372 | 14.1064 |
| September | 13.7789 | 13.6022 | 13.6991 |
| October | 13.8546 | 13.4545 | 13.6916 |
| November | 13.7562 | 13.5226 | 13.6217 |
| December | 13.6262 | 13.0917 | 13.4984 |