YEARLY HIGH
0.0264 NGN
YEARLY LOW
0.0143 NGN
YEARLY AVERAGE
0.0194 NGN

2016 IDR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the IDR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.0264. Conversely, the yearly low was recorded on January 17, dropping to 0.0143.

This high-to-low spread represents a total annual volatility of 0.0121 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0144 to the December average rate of 0.0235, the exchange rate registered a net change of 63.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0264 was up 64.74% compared to the 2015 peak of 0.0160, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 263,677 NGN
2015 Average 147,938 NGN
Yearly Trough Low 142,560 NGN
Transaction Impact: A difference of 121,116.84 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0255
0.0133
JanuMarcMayJulySeptNove

IDR 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 0.0152, compared to 0.0236 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0085 points.

H1 Avg (Jan–Jun) 0.0152
H2 Avg (Jul–Dec) 0.0236

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0068 NGN (High: 0.0214 / Low: 0.0146). On the other end, April was the most stable month, with a tight range of 0.0001 NGN (High: 0.0152 / Low: 0.0151).

June Spread (Volatile) ±0.0068
April Spread (Stable) ±0.0001

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 August and September, when the average rate fell by 0.0007 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.0245) against the same month in 2015 (average: 0.0144), the exchange rate shifted by +0.0101 (+69.64%).

2016 Avg (August) 0.0245
2015 Avg (August) 0.0144

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0145 0.0143 0.0144
February 0.0149 0.0145 0.0147
March 0.0153 0.0149 0.0151
April 0.0152 0.0151 0.0151
May 0.0152 0.0146 0.0148
June 0.0214 0.0146 0.0168
July 0.0244 0.0214 0.0223
August 0.0264 0.0235 0.0245
September 0.0241 0.0235 0.0239
October 0.0242 0.0238 0.0240
November 0.0241 0.0232 0.0236
December 0.0237 0.0227 0.0235