YEARLY HIGH
3.6800 CLP
YEARLY LOW
1.9178 CLP
YEARLY AVERAGE
2.7733 CLP

2016 NGN to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 3.6800. Conversely, the yearly low was recorded on August 22, dropping to 1.9178.

This high-to-low spread represents a total annual volatility of 1.7622 CLP. From a start-to-finish perspective, comparing the January average rate of 3.6221 to the December average rate of 2.1191, the exchange rate registered a net change of -41.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 3.6800 was up 2.45% compared to the 2015 peak of 3.5919, 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 3,680,020 CLP
2015 Average 3,306,460 CLP
Yearly Trough Low 1,917,845 CLP
Transaction Impact: A difference of 1,762,174.77 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

3.7796
1.8905
JanuMarcMayJulySeptNove

NGN to CLP 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 3.4131, compared to 2.1336 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2795 points.

H1 Avg (Jan–Jun) 3.4131
H2 Avg (Jul–Dec) 2.1336

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 1.1140 CLP (High: 3.4703 / Low: 2.3563). On the other end, September was the most stable month, with a tight range of 0.0757 CLP (High: 2.1815 / Low: 2.1058).

June Spread (Volatile) ±1.1140
September Spread (Stable) ±0.0757

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 0.8665 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.8665

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 3.6221) against the same month in 2015 (average: 3.3417), the exchange rate shifted by +0.2804 (+8.39%).

2016 Avg (January) 3.6221
2015 Avg (January) 3.3417

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.6800 3.5568 3.6221
February 3.5874 3.4699 3.5322
March 3.4802 3.3707 3.4161
April 3.4310 3.3173 3.3649
May 3.4897 3.3179 3.4255
June 3.4703 2.3563 3.1177
July 2.3531 2.0524 2.2512
August 2.1665 1.9178 2.0479
September 2.1815 2.1058 2.1370
October 2.1654 2.0639 2.1194
November 2.1714 2.0706 2.1269
December 2.1906 2.0590 2.1191