2016 NGN to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NGN to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NGN to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 0.3500. Conversely, the yearly low was recorded on August 22, dropping to 0.1934.
This high-to-low spread represents a total annual volatility of 0.1566 AFN. From a start-to-finish perspective, comparing the January average rate of 0.3445 to the December average rate of 0.2110, the exchange rate registered a net change of -38.74% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 0.3500 was up 1.21% compared to the 2015 peak of 0.3458, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NGN to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 0.3400, compared to 0.2150 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1250 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 0.1079 AFN (High: 0.3500 / Low: 0.2421). On the other end, April was the most stable month, with a tight range of 0.0019 AFN (High: 0.3450 / Low: 0.3431).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0813 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 0.3165) against the same month in 2015 (average: 0.2984), the exchange rate shifted by +0.0180 (+6.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.3456 | 0.3431 | 0.3445 |
| February | 0.3492 | 0.3433 | 0.3461 |
| March | 0.3455 | 0.3430 | 0.3442 |
| April | 0.3450 | 0.3431 | 0.3439 |
| May | 0.3461 | 0.3432 | 0.3448 |
| June | 0.3500 | 0.2421 | 0.3165 |
| July | 0.2433 | 0.2150 | 0.2352 |
| August | 0.2159 | 0.1934 | 0.2089 |
| September | 0.2159 | 0.2100 | 0.2130 |
| October | 0.2132 | 0.2090 | 0.2105 |
| November | 0.2137 | 0.2096 | 0.2114 |
| December | 0.2151 | 0.2091 | 0.2110 |