YEARLY HIGH
0.4841 NGN
YEARLY LOW
0.2641 NGN
YEARLY AVERAGE
0.3616 NGN

2016 MWK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MWK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 0.4841. Conversely, the yearly low was recorded on February 21, dropping to 0.2641.

This high-to-low spread represents a total annual volatility of 0.2200 NGN. From a start-to-finish perspective, comparing the January average rate of 0.2890 to the December average rate of 0.4354, the exchange rate registered a net change of 50.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4841 was up 5.01% compared to the 2015 peak of 0.4610, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,420 NGN
2015 Average 2,015 NGN
Yearly Trough Low 1,321 NGN
Transaction Impact: A difference of 1,099.86 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4669
0.2511
JanuMarcMayJulySeptNove

MWK 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 0.2897, compared to 0.4336 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1439 points.

H1 Avg (Jan–Jun) 0.2897
H2 Avg (Jul–Dec) 0.4336

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1218 NGN (High: 0.4015 / Low: 0.2798). On the other end, September was the most stable month, with a tight range of 0.0053 NGN (High: 0.4380 / Low: 0.4328).

June Spread (Volatile) ±0.1218
September Spread (Stable) ±0.0053

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 January and February, when the average rate fell by 0.0198 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0198

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 0.4489) against the same month in 2015 (average: 0.3759), the exchange rate shifted by +0.0731 (+19.44%).

2016 Avg (August) 0.4489
2015 Avg (August) 0.3759

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3022 0.2725 0.2890
February 0.2774 0.2641 0.2691
March 0.2936 0.2676 0.2846
April 0.2956 0.2888 0.2922
May 0.2921 0.2809 0.2860
June 0.4015 0.2798 0.3173
July 0.4469 0.3945 0.4099
August 0.4841 0.4338 0.4489
September 0.4380 0.4328 0.4353
October 0.4404 0.4298 0.4358
November 0.4382 0.4328 0.4361
December 0.4422 0.4239 0.4354