YEARLY HIGH
86.4307 NGN
YEARLY LOW
45.0290 NGN
YEARLY AVERAGE
62.0711 NGN

2016 MYR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MYR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 86.4307. Conversely, the yearly low was recorded on January 17, dropping to 45.0290.

This high-to-low spread represents a total annual volatility of 41.4017 NGN. From a start-to-finish perspective, comparing the January average rate of 45.9723 to the December average rate of 70.6153, the exchange rate registered a net change of 53.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 86.4307 was up 51.44% compared to the 2015 peak of 57.0712, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 1,728,614 NGN
2015 Average 1,019,109 NGN
Yearly Trough Low 900,580 NGN
Transaction Impact: A difference of 828,034.04 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

83.5064
42.5601
JanuMarcMayJulySeptNove

MYR 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 49.6471, compared to 74.4952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.8481 points.

H1 Avg (Jan–Jun) 49.6471
H2 Avg (Jul–Dec) 74.4952

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 23.0712 NGN (High: 71.0254 / Low: 47.9542). On the other end, April was the most stable month, with a tight range of 0.8887 NGN (High: 51.5104 / Low: 50.6217).

June Spread (Volatile) ±23.0712
April Spread (Stable) ±0.8887

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 3.9158 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -3.9158

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 80.0942) against the same month in 2015 (average: 49.1870), the exchange rate shifted by +30.9073 (+62.84%).

2016 Avg (August) 80.0942
2015 Avg (August) 49.1870

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 48.2093 45.0290 45.9723
February 48.2060 47.1475 47.6201
March 51.1035 47.9109 48.9869
April 51.5104 50.6217 51.0412
May 50.8250 48.3528 49.2598
June 71.0254 47.9542 55.0022
July 79.2171 69.8407 72.8349
August 86.4307 76.4994 80.0942
September 77.2512 75.4870 76.1785
October 76.3176 74.2351 74.9800
November 75.0058 70.2866 72.2683
December 71.4071 68.1676 70.6153