YEARLY HIGH
0.0084 AZN
YEARLY LOW
0.0047 AZN
YEARLY AVERAGE
0.0065 AZN

2016 NGN to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0084. Conversely, the yearly low was recorded on August 22, dropping to 0.0047.

This high-to-low spread represents a total annual volatility of 0.0037 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0080 to the December average rate of 0.0056, the exchange rate registered a net change of -29.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0084 was up 6.76% compared to the 2015 peak of 0.0078, 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 8,377 AZN
2015 Average 5,158 AZN
Yearly Trough Low 4,679 AZN
Transaction Impact: A difference of 3,698.26 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0084
0.0047
JanuMarcMayJulySeptNove

NGN to AZN 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 0.0077, compared to 0.0053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0077
H2 Avg (Jul–Dec) 0.0053

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0022 AZN (High: 0.0077 / Low: 0.0054). On the other end, September was the most stable month, with a tight range of 0.0001 AZN (High: 0.0053 / Low: 0.0052).

June Spread (Volatile) ±0.0022
September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between October and December, 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 0.0016 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0081) against the same month in 2015 (average: 0.0053), the exchange rate shifted by +0.0029 (+54.50%).

2016 Avg (March) 0.0081
2015 Avg (March) 0.0053

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0082 0.0078 0.0080
February 0.0081 0.0078 0.0079
March 0.0084 0.0078 0.0081
April 0.0077 0.0075 0.0076
May 0.0076 0.0075 0.0075
June 0.0077 0.0054 0.0069
July 0.0055 0.0050 0.0054
August 0.0053 0.0047 0.0050
September 0.0053 0.0052 0.0053
October 0.0053 0.0051 0.0052
November 0.0056 0.0053 0.0054
December 0.0059 0.0055 0.0056