YEARLY HIGH
0.2917 NGN
YEARLY LOW
0.1521 NGN
YEARLY AVERAGE
0.2081 NGN

2016 MMK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MMK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.2917. Conversely, the yearly low was recorded on January 5, dropping to 0.1521.

This high-to-low spread represents a total annual volatility of 0.1396 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1532 to the December average rate of 0.2333, the exchange rate registered a net change of 52.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2917 was up 46.67% compared to the 2015 peak of 0.1989, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,459 NGN
2015 Average 897 NGN
Yearly Trough Low 760 NGN
Transaction Impact: A difference of 698.23 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2820
0.1415
JanuMarcMayJulySeptNove

MMK 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 0.1672, compared to 0.2490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0818 points.

H1 Avg (Jan–Jun) 0.1672
H2 Avg (Jul–Dec) 0.2490

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0731 NGN (High: 0.2397 / Low: 0.1665). On the other end, January was the most stable month, with a tight range of 0.0020 NGN (High: 0.1541 / Low: 0.1521).

June Spread (Volatile) ±0.0731
January Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0156 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0156

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.2703) against the same month in 2015 (average: 0.1841), the exchange rate shifted by +0.0862 (+46.83%).

2016 Avg (August) 0.2703
2015 Avg (August) 0.1841

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1541 0.1521 0.1532
February 0.1623 0.1534 0.1597
March 0.1650 0.1605 0.1636
April 0.1712 0.1637 0.1683
May 0.1710 0.1676 0.1697
June 0.2397 0.1665 0.1889
July 0.2700 0.2401 0.2482
August 0.2917 0.2581 0.2703
September 0.2621 0.2483 0.2547
October 0.2499 0.2435 0.2458
November 0.2461 0.2387 0.2418
December 0.2397 0.2232 0.2333