YEARLY HIGH
1.2687 NGN
YEARLY LOW
0.6818 NGN
YEARLY AVERAGE
0.9142 NGN

2016 HUF to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HUF to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 1.2687. Conversely, the yearly low was recorded on January 6, dropping to 0.6818.

This high-to-low spread represents a total annual volatility of 0.5869 NGN. From a start-to-finish perspective, comparing the January average rate of 0.6882 to the December average rate of 1.0634, the exchange rate registered a net change of 54.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2687 was up 66.96% compared to the 2015 peak of 0.7599, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 1,268,702 NGN
2015 Average 708,773 NGN
Yearly Trough Low 681,757 NGN
Transaction Impact: A difference of 586,945.24 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.2129
0.6405
JanuMarcMayJulySeptNove

HUF 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 0.7256, compared to 1.1029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3773 points.

H1 Avg (Jan–Jun) 0.7256
H2 Avg (Jul–Dec) 1.1029

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.3188 NGN (High: 1.0278 / Low: 0.7090). On the other end, April was the most stable month, with a tight range of 0.0106 NGN (High: 0.7304 / Low: 0.7198).

June Spread (Volatile) ±0.3188
April Spread (Stable) ±0.0106

Growth Streaks & Declines

Trends

Between 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 November and December, when the average rate fell by 0.0334 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0334

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 1.1652) against the same month in 2015 (average: 0.7112), the exchange rate shifted by +0.4540 (+63.83%).

2016 Avg (August) 1.1652
2015 Avg (August) 0.7112

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.6957 0.6818 0.6882
February 0.7233 0.6962 0.7124
March 0.7239 0.6965 0.7122
April 0.7304 0.7198 0.7242
May 0.7364 0.7038 0.7151
June 1.0278 0.7090 0.8014
July 1.1470 0.9883 1.0303
August 1.2687 1.1248 1.1652
September 1.1498 1.1200 1.1369
October 1.1470 1.1050 1.1249
November 1.1403 1.0648 1.0968
December 1.0812 1.0391 1.0634