YEARLY HIGH
0.2989 NGN
YEARLY LOW
0.1681 NGN
YEARLY AVERAGE
0.2249 NGN

2016 IQD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the IQD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.2989. Conversely, the yearly low was recorded on June 7, dropping to 0.1681.

This high-to-low spread represents a total annual volatility of 0.1309 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1823 to the December average rate of 0.2677, the exchange rate registered a net change of 46.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2989 was up 60.53% compared to the 2015 peak of 0.1862, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,495 NGN
2015 Average 850 NGN
Yearly Trough Low 840 NGN
Transaction Impact: A difference of 654.35 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2867
0.1653
JanuMarcMayJulySeptNove

IQD 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 0.1827, compared to 0.2671 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0844 points.

H1 Avg (Jan–Jun) 0.1827
H2 Avg (Jul–Dec) 0.2671

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0752 NGN (High: 0.2432 / Low: 0.1681). On the other end, March was the most stable month, with a tight range of 0.0010 NGN (High: 0.1831 / Low: 0.1821).

June Spread (Volatile) ±0.0752
March Spread (Stable) ±0.0010

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 0.0079 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.2766) against the same month in 2015 (average: 0.1717), the exchange rate shifted by +0.1049 (+61.10%).

2016 Avg (August) 0.2766
2015 Avg (August) 0.1717

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1835 0.1805 0.1823
February 0.1835 0.1823 0.1828
March 0.1831 0.1821 0.1828
April 0.1830 0.1797 0.1816
May 0.1799 0.1683 0.1754
June 0.2432 0.1681 0.1913
July 0.2739 0.2416 0.2504
August 0.2989 0.2682 0.2766
September 0.2704 0.2665 0.2687
October 0.2710 0.2657 0.2690
November 0.2734 0.2671 0.2704
December 0.2741 0.2574 0.2677