YEARLY HIGH
0.1552 NGN
YEARLY LOW
0.0969 NGN
YEARLY AVERAGE
0.1194 NGN

2016 MNT to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MNT to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 0.1552. Conversely, the yearly low was recorded on March 12, dropping to 0.0969.

This high-to-low spread represents a total annual volatility of 0.0583 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0997 to the December average rate of 0.1271, the exchange rate registered a net change of 27.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1552 was up 45.01% compared to the 2015 peak of 0.1070, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 776 NGN
2015 Average 503 NGN
Yearly Trough Low 485 NGN
Transaction Impact: A difference of 291.40 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1530
0.0924
JanuMarcMayJulySeptNove

MNT 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 0.1013, compared to 0.1375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0361 points.

H1 Avg (Jan–Jun) 0.1013
H2 Avg (Jul–Dec) 0.1375

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0459 NGN (High: 0.1457 / Low: 0.0998). On the other end, January was the most stable month, with a tight range of 0.0009 NGN (High: 0.1002 / Low: 0.0993).

June Spread (Volatile) ±0.0459
January Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0080 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2016: 0.1448) against the same month in 2015 (average: 0.1009), the exchange rate shifted by +0.0439 (+43.51%).

2016 Avg (July) 0.1448
2015 Avg (July) 0.1009

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1002 0.0993 0.0997
February 0.0992 0.0979 0.0986
March 0.0982 0.0969 0.0974
April 0.1007 0.0972 0.0989
May 0.0999 0.0987 0.0992
June 0.1457 0.0998 0.1141
July 0.1552 0.1401 0.1448
August 0.1545 0.1403 0.1480
September 0.1420 0.1369 0.1399
October 0.1380 0.1324 0.1358
November 0.1317 0.1276 0.1292
December 0.1281 0.1231 0.1271