YEARLY HIGH
0.0090 AWG
YEARLY LOW
0.0052 AWG
YEARLY AVERAGE
0.0073 AWG

2016 NGN to AWG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to AWG exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0090. Conversely, the yearly low was recorded on August 22, dropping to 0.0052.

This high-to-low spread represents a total annual volatility of 0.0039 AWG. From a start-to-finish perspective, comparing the January average rate of 0.0090 to the December average rate of 0.0057, the exchange rate registered a net change of -36.67% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0090 was down 9.07% compared to the 2015 peak of 0.0099, 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 9,046 AWG
2015 Average 9,061 AWG
Yearly Trough Low 5,153 AWG
Transaction Impact: A difference of 3,893.22 AWG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0094
0.0052
JanuMarcMayJulySeptNove

NGN to AWG 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 0.0089, compared to 0.0058 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0031 points.

H1 Avg (Jan–Jun) 0.0089
H2 Avg (Jul–Dec) 0.0058

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0027 AWG (High: 0.0090 / Low: 0.0063). On the other end, April was the most stable month, with a tight range of 0.0000 AWG (High: 0.0090 / Low: 0.0090).

June Spread (Volatile) ±0.0027
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 0.0021 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0090) against the same month in 2015 (average: 0.0090), the exchange rate shifted by +0.0000 (+0.34%).

2016 Avg (March) 0.0090
2015 Avg (March) 0.0090

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0090 0.0090 0.0090
February 0.0090 0.0090 0.0090
March 0.0090 0.0090 0.0090
April 0.0090 0.0090 0.0090
May 0.0090 0.0090 0.0090
June 0.0090 0.0063 0.0082
July 0.0064 0.0056 0.0061
August 0.0058 0.0052 0.0056
September 0.0058 0.0057 0.0057
October 0.0058 0.0057 0.0057
November 0.0058 0.0057 0.0057
December 0.0059 0.0057 0.0057