YEARLY HIGH
0.0091 BGN
YEARLY LOW
0.0050 BGN
YEARLY AVERAGE
0.0072 BGN

2016 NGN to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0091. Conversely, the yearly low was recorded on August 22, dropping to 0.0050.

This high-to-low spread represents a total annual volatility of 0.0042 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0090 to the December average rate of 0.0059, the exchange rate registered a net change of -34.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0091 was down 2.28% compared to the 2015 peak of 0.0093, 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 9,117 BGN
2015 Average 8,910 BGN
Yearly Trough Low 4,966 BGN
Transaction Impact: A difference of 4,150.61 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0094
0.0051
JanuMarcMayJulySeptNove

NGN to BGN 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 0.0087, compared to 0.0057 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0087
H2 Avg (Jul–Dec) 0.0057

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0027 BGN (High: 0.0088 / Low: 0.0061). On the other end, September was the most stable month, with a tight range of 0.0001 BGN (High: 0.0056 / Low: 0.0055).

June Spread (Volatile) ±0.0027
September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0019 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0090) against the same month in 2015 (average: 0.0090), the exchange rate shifted by -0.0000 (-0.02%).

2016 Avg (January) 0.0090
2015 Avg (January) 0.0090

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0091 0.0090 0.0090
February 0.0090 0.0087 0.0089
March 0.0090 0.0086 0.0088
April 0.0088 0.0086 0.0087
May 0.0088 0.0085 0.0087
June 0.0088 0.0061 0.0080
July 0.0063 0.0055 0.0061
August 0.0056 0.0050 0.0054
September 0.0056 0.0055 0.0056
October 0.0057 0.0055 0.0057
November 0.0059 0.0056 0.0058
December 0.0061 0.0058 0.0059