YEARLY HIGH
0.0126 GEL
YEARLY LOW
0.0065 GEL
YEARLY AVERAGE
0.0096 GEL

2016 NGN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.0126. Conversely, the yearly low was recorded on August 22, dropping to 0.0065.

This high-to-low spread represents a total annual volatility of 0.0060 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0122 to the December average rate of 0.0084, the exchange rate registered a net change of -31.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0126 was up 1.68% compared to the 2015 peak of 0.0123, 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 12,551 GEL
2015 Average 11,144 GEL
Yearly Trough Low 6,546 GEL
Transaction Impact: A difference of 6,004.93 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0130
0.0067
JanuMarcMayJulySeptNove

NGN to GEL 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 0.0115, compared to 0.0077 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.0115
H2 Avg (Jul–Dec) 0.0077

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0031 GEL (High: 0.0110 / Low: 0.0079). On the other end, October was the most stable month, with a tight range of 0.0002 GEL (High: 0.0076 / Low: 0.0074).

June Spread (Volatile) ±0.0031
October Spread (Stable) ±0.0002

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 0.0020 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.0125) against the same month in 2015 (average: 0.0089), the exchange rate shifted by +0.0036 (+40.08%).

2016 Avg (February) 0.0125
2015 Avg (February) 0.0089

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0125 0.0120 0.0122
February 0.0126 0.0124 0.0125
March 0.0124 0.0115 0.0119
April 0.0116 0.0112 0.0113
May 0.0112 0.0107 0.0110
June 0.0110 0.0079 0.0100
July 0.0083 0.0073 0.0080
August 0.0074 0.0065 0.0072
September 0.0075 0.0073 0.0074
October 0.0076 0.0074 0.0075
November 0.0081 0.0077 0.0079
December 0.0088 0.0081 0.0084