2016 NGN to BYR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NGN to BYR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NGN to BYR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 11, valuing the pair at 110.7465. Conversely, the yearly low was recorded on August 22, dropping to 57.5467.
This high-to-low spread represents a total annual volatility of 53.1998 BYR. From a start-to-finish perspective, comparing the January average rate of 99.7313 to the December average rate of 63.6054, the exchange rate registered a net change of -36.22% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 110.7465 was up 18.35% compared to the 2015 peak of 93.5746, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NGN to BYR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 100.1942, compared to 64.3607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 35.8335 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 30.8198 BYR (High: 100.7981 / Low: 69.9783). On the other end, September was the most stable month, with a tight range of 0.8738 BYR (High: 64.4294 / Low: 63.5556).
Growth Streaks & Declines
TrendsBetween August and October, 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 22.5601 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2016: 108.9246) against the same month in 2015 (average: 76.7505), the exchange rate shifted by +32.1741 (+41.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 106.9165 | 93.2925 | 99.7313 |
| February | 110.7465 | 106.3187 | 108.9246 |
| March | 107.6042 | 101.0706 | 103.7444 |
| April | 101.5823 | 96.6625 | 99.7920 |
| May | 99.3674 | 96.4267 | 97.8190 |
| June | 100.7981 | 69.9783 | 91.1536 |
| July | 71.3659 | 62.5846 | 68.5934 |
| August | 64.2148 | 57.5467 | 62.1653 |
| September | 64.4294 | 63.5556 | 63.9840 |
| October | 64.8492 | 63.4320 | 63.9926 |
| November | 64.3749 | 63.4137 | 63.8233 |
| December | 65.4879 | 63.1743 | 63.6054 |