YEARLY HIGH
0.0185 AED
YEARLY LOW
0.0106 AED
YEARLY AVERAGE
0.0150 AED

2016 NGN to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0185. Conversely, the yearly low was recorded on August 22, dropping to 0.0106.

This high-to-low spread represents a total annual volatility of 0.0080 AED. From a start-to-finish perspective, comparing the January average rate of 0.0184 to the December average rate of 0.0117, the exchange rate registered a net change of -36.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0185 was down 9.23% compared to the 2015 peak of 0.0204, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 18,532 AED
2015 Average 18,570 AED
Yearly Trough Low 10,555 AED
Transaction Impact: A difference of 7,976.93 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0192
0.0107
JanuMarcMayJulySeptNove

NGN to AED 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 0.0182, compared to 0.0118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 0.0182
H2 Avg (Jul–Dec) 0.0118

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0055 AED (High: 0.0185 / Low: 0.0130). On the other end, April was the most stable month, with a tight range of 0.0000 AED (High: 0.0185 / Low: 0.0184).

June Spread (Volatile) ±0.0055
April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0042 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0185) against the same month in 2015 (average: 0.0184), the exchange rate shifted by +0.0001 (+0.29%).

2016 Avg (March) 0.0185
2015 Avg (March) 0.0184

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0185 0.0184 0.0184
February 0.0185 0.0184 0.0185
March 0.0185 0.0184 0.0185
April 0.0185 0.0184 0.0185
May 0.0185 0.0184 0.0185
June 0.0185 0.0130 0.0168
July 0.0130 0.0115 0.0126
August 0.0118 0.0106 0.0114
September 0.0118 0.0117 0.0117
October 0.0119 0.0116 0.0117
November 0.0118 0.0116 0.0117
December 0.0120 0.0116 0.0117