YEARLY HIGH
0.0624 EGP
YEARLY LOW
0.0255 EGP
YEARLY AVERAGE
0.0395 EGP

2016 NGN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.0624. Conversely, the yearly low was recorded on August 22, dropping to 0.0255.

This high-to-low spread represents a total annual volatility of 0.0369 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0393 to the December average rate of 0.0585, the exchange rate registered a net change of 48.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0624 was up 54.56% compared to the 2015 peak of 0.0404, 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 62,403 EGP
2015 Average 38,961 EGP
Yearly Trough Low 25,513 EGP
Transaction Impact: A difference of 36,890.08 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0616
0.0245
JanuMarcMayJulySeptNove

NGN to EGP 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 0.0418, compared to 0.0371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.0418
H2 Avg (Jul–Dec) 0.0371

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0286 EGP (High: 0.0568 / Low: 0.0283). On the other end, January was the most stable month, with a tight range of 0.0001 EGP (High: 0.0394 / Low: 0.0393).

November Spread (Volatile) ±0.0286
January 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 0.0102 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.0585) against the same month in 2015 (average: 0.0394), the exchange rate shifted by +0.0191 (+48.57%).

2016 Avg (December) 0.0585
2015 Avg (December) 0.0394

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0394 0.0393 0.0393
February 0.0395 0.0393 0.0394
March 0.0450 0.0392 0.0422
April 0.0446 0.0445 0.0446
May 0.0447 0.0445 0.0446
June 0.0447 0.0312 0.0406
July 0.0315 0.0278 0.0304
August 0.0284 0.0255 0.0276
September 0.0286 0.0282 0.0284
October 0.0287 0.0281 0.0284
November 0.0568 0.0283 0.0497
December 0.0624 0.0564 0.0585