YEARLY HIGH
0.2304 NGN
YEARLY LOW
0.1313 NGN
YEARLY AVERAGE
0.1705 NGN

2016 LBP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the LBP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.2304. Conversely, the yearly low was recorded on February 3, dropping to 0.1313.

This high-to-low spread represents a total annual volatility of 0.0990 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1318 to the December average rate of 0.2087, the exchange rate registered a net change of 58.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2304 was up 69.86% compared to the 2015 peak of 0.1356, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,152 NGN
2015 Average 656 NGN
Yearly Trough Low 657 NGN
Transaction Impact: A difference of 495.24 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2218
0.1236
JanuMarcMayJulySeptNove

LBP 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 0.1346, compared to 0.2064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0718 points.

H1 Avg (Jan–Jun) 0.1346
H2 Avg (Jul–Dec) 0.2064

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0557 NGN (High: 0.1872 / Low: 0.1315). On the other end, April was the most stable month, with a tight range of 0.0003 NGN (High: 0.1321 / Low: 0.1318).

June Spread (Volatile) ±0.0557
April Spread (Stable) ±0.0003

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 August and September, when the average rate fell by 0.0062 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0062

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.2136) against the same month in 2015 (average: 0.1320), the exchange rate shifted by +0.0816 (+61.82%).

2016 Avg (August) 0.2136
2015 Avg (August) 0.1320

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1322 0.1314 0.1318
February 0.1321 0.1313 0.1318
March 0.1321 0.1315 0.1319
April 0.1321 0.1318 0.1319
May 0.1322 0.1317 0.1319
June 0.1872 0.1315 0.1485
July 0.2117 0.1868 0.1938
August 0.2304 0.2068 0.2136
September 0.2086 0.2059 0.2074
October 0.2093 0.2045 0.2074
November 0.2092 0.2059 0.2077
December 0.2107 0.2019 0.2087