YEARLY HIGH
19.0272 NGN
YEARLY LOW
10.4312 NGN
YEARLY AVERAGE
13.7091 NGN

2016 MXN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MXN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 19.0272. Conversely, the yearly low was recorded on February 11, dropping to 10.4312.

This high-to-low spread represents a total annual volatility of 8.5960 NGN. From a start-to-finish perspective, comparing the January average rate of 11.0492 to the December average rate of 15.3396, the exchange rate registered a net change of 38.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 19.0272 was up 38.74% compared to the 2015 peak of 13.7140, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 951,359 NGN
2015 Average 624,629 NGN
Yearly Trough Low 521,558 NGN
Transaction Impact: A difference of 429,801.18 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

18.1157
10.1138
JanuMarcMayJulySeptNove

MXN 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 11.2487, compared to 16.1695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.9208 points.

H1 Avg (Jan–Jun) 11.2487
H2 Avg (Jul–Dec) 16.1695

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 5.0253 NGN (High: 15.5303 / Low: 10.5050). On the other end, March was the most stable month, with a tight range of 0.4298 NGN (High: 11.5176 / Low: 11.0878).

June Spread (Volatile) ±5.0253
March Spread (Stable) ±0.4298

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 1.1375 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -1.1375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 17.4489) against the same month in 2015 (average: 12.0426), the exchange rate shifted by +5.4063 (+44.89%).

2016 Avg (August) 17.4489
2015 Avg (August) 12.0426

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 11.5755 10.6616 11.0492
February 10.9994 10.4312 10.7807
March 11.5176 11.0878 11.2898
April 11.5860 11.1559 11.3834
May 11.5752 10.7610 10.9842
June 15.5303 10.5050 12.0051
July 17.0437 14.9855 15.7465
August 19.0272 16.6112 17.4489
September 16.9528 15.7125 16.3114
October 16.9944 16.0128 16.5270
November 17.0836 15.0470 15.6436
December 15.5877 14.7462 15.3396