YEARLY HIGH
0.3500 AFN
YEARLY LOW
0.1934 AFN
YEARLY AVERAGE
0.2775 AFN

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.

Transfer Payout Power Comparison

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

Yearly Peak High 350,003 AFN
2015 Average 309,539 AFN
Yearly Trough Low 193,386 AFN
Transaction Impact: A difference of 156,616.67 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.3598
0.1952
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 0.3400
H2 Avg (Jul–Dec) 0.2150

Volatility Range Comparison

Volatility

The 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).

June Spread (Volatile) ±0.1079
April Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

No 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.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0813

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2016 Avg (June) 0.3165
2015 Avg (June) 0.2984

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