YEARLY HIGH
1.0407 GYD
YEARLY LOW
0.5910 GYD
YEARLY AVERAGE
0.8406 GYD

2016 NGN to GYD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 29, valuing the pair at 1.0407. Conversely, the yearly low was recorded on August 22, dropping to 0.5910.

This high-to-low spread represents a total annual volatility of 0.4497 GYD. From a start-to-finish perspective, comparing the January average rate of 1.0356 to the December average rate of 0.6547, the exchange rate registered a net change of -36.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.0407 was down 9.42% compared to the 2015 peak of 1.1489, 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 1,040,658 GYD
2015 Average 1,042,745 GYD
Yearly Trough Low 591,006 GYD
Transaction Impact: A difference of 449,652.68 GYD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.0763
0.5988
JanuMarcMayJulySeptNove

NGN to GYD 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 1.0204, compared to 0.6608 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3596 points.

H1 Avg (Jan–Jun) 1.0204
H2 Avg (Jul–Dec) 0.6608

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.3105 GYD (High: 1.0376 / Low: 0.7271). On the other end, April was the most stable month, with a tight range of 0.0045 GYD (High: 1.0375 / Low: 1.0331).

June Spread (Volatile) ±0.3105
April Spread (Stable) ±0.0045

Growth Streaks & Declines

Trends

Between January and March, 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 0.2396 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.2396

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 1.0364) against the same month in 2015 (average: 1.0430), the exchange rate shifted by -0.0066 (-0.63%).

2016 Avg (February) 1.0364
2015 Avg (February) 1.0430

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.0394 1.0331 1.0356
February 1.0407 1.0337 1.0364
March 1.0395 1.0337 1.0365
April 1.0375 1.0331 1.0353
May 1.0376 1.0328 1.0357
June 1.0376 0.7271 0.9430
July 0.7293 0.6422 0.7035
August 0.6594 0.5910 0.6386
September 0.6606 0.6530 0.6569
October 0.6656 0.6518 0.6565
November 0.6606 0.6499 0.6549
December 0.6797 0.6480 0.6547