YEARLY HIGH
0.0208 BRL
YEARLY LOW
0.0092 BRL
YEARLY AVERAGE
0.0144 BRL

2016 NGN to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.0208. Conversely, the yearly low was recorded on August 22, dropping to 0.0092.

This high-to-low spread represents a total annual volatility of 0.0116 BRL. From a start-to-finish perspective, comparing the January average rate of 0.0203 to the December average rate of 0.0107, the exchange rate registered a net change of -47.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0208 was up 0.03% compared to the 2015 peak of 0.0208, 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 20,822 BRL
2015 Average 16,836 BRL
Yearly Trough Low 9,202 BRL
Transaction Impact: A difference of 11,620.25 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0213
0.0089
JanuMarcMayJulySeptNove

NGN to BRL 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 0.0184, compared to 0.0105 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0078 points.

H1 Avg (Jan–Jun) 0.0184
H2 Avg (Jul–Dec) 0.0105

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0067 BRL (High: 0.0181 / Low: 0.0114). On the other end, September was the most stable month, with a tight range of 0.0003 BRL (High: 0.0106 / Low: 0.0103).

June Spread (Volatile) ±0.0067
September Spread (Stable) ±0.0003

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 0.0045 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0203) against the same month in 2015 (average: 0.0142), the exchange rate shifted by +0.0061 (+43.24%).

2016 Avg (January) 0.0203
2015 Avg (January) 0.0142

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0208 0.0198 0.0203
February 0.0204 0.0196 0.0200
March 0.0198 0.0181 0.0186
April 0.0185 0.0173 0.0178
May 0.0181 0.0173 0.0178
June 0.0181 0.0114 0.0157
July 0.0119 0.0102 0.0112
August 0.0104 0.0092 0.0100
September 0.0106 0.0103 0.0104
October 0.0105 0.0099 0.0102
November 0.0110 0.0101 0.0107
December 0.0112 0.0103 0.0107