YEARLY HIGH
2.7305 CRC
YEARLY LOW
1.5776 CRC
YEARLY AVERAGE
2.2123 CRC

2016 NGN to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on June 17, valuing the pair at 2.7305. Conversely, the yearly low was recorded on August 22, dropping to 1.5776.

This high-to-low spread represents a total annual volatility of 1.1529 CRC. From a start-to-finish perspective, comparing the January average rate of 2.6924 to the December average rate of 1.7487, the exchange rate registered a net change of -35.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.7305 was down 9.00% compared to the 2015 peak of 3.0007, 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 2,730,456 CRC
2015 Average 2,702,942 CRC
Yearly Trough Low 1,577,589 CRC
Transaction Impact: A difference of 1,152,867.27 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.7945
1.6054
JanuMarcMayJulySeptNove

NGN to CRC 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 2.6567, compared to 1.7679 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8888 points.

H1 Avg (Jan–Jun) 2.6567
H2 Avg (Jul–Dec) 1.7679

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.8042 CRC (High: 2.7305 / Low: 1.9263). On the other end, April was the most stable month, with a tight range of 0.0094 CRC (High: 2.6951 / Low: 2.6858).

June Spread (Volatile) ±0.8042
April Spread (Stable) ±0.0094

Growth Streaks & Declines

Trends

Between March and May, 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 0.6099 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.6099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 2.4813) against the same month in 2015 (average: 2.6925), the exchange rate shifted by -0.2111 (-7.84%).

2016 Avg (June) 2.4813
2015 Avg (June) 2.6925

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.7022 2.6854 2.6924
February 2.7052 2.6881 2.6954
March 2.6940 2.6779 2.6868
April 2.6951 2.6858 2.6895
May 2.7014 2.6877 2.6947
June 2.7305 1.9263 2.4813
July 1.9400 1.7096 1.8714
August 1.7652 1.5776 1.7045
September 1.7717 1.7495 1.7595
October 1.7879 1.7485 1.7633
November 1.7795 1.7394 1.7601
December 1.8078 1.7344 1.7487