YEARLY HIGH
0.1143 HNL
YEARLY LOW
0.0657 HNL
YEARLY AVERAGE
0.0927 HNL

2016 NGN to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on June 19, valuing the pair at 0.1143. Conversely, the yearly low was recorded on August 22, dropping to 0.0657.

This high-to-low spread represents a total annual volatility of 0.0486 HNL. From a start-to-finish perspective, comparing the January average rate of 0.1127 to the December average rate of 0.0741, the exchange rate registered a net change of -34.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1143 was down 2.06% compared to the 2015 peak of 0.1167, 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 114,313 HNL
2015 Average 109,674 HNL
Yearly Trough Low 65,666 HNL
Transaction Impact: A difference of 48,646.62 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1179
0.0667
JanuMarcMayJulySeptNove

NGN to HNL 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 0.1117, compared to 0.0737 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0380 points.

H1 Avg (Jan–Jun) 0.1117
H2 Avg (Jul–Dec) 0.0737

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0339 HNL (High: 0.1143 / Low: 0.0804). On the other end, April was the most stable month, with a tight range of 0.0004 HNL (High: 0.1136 / Low: 0.1132).

June Spread (Volatile) ±0.0339
April Spread (Stable) ±0.0004

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 0.0259 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0259

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 0.1039) against the same month in 2015 (average: 0.1097), the exchange rate shifted by -0.0059 (-5.34%).

2016 Avg (June) 0.1039
2015 Avg (June) 0.1097

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1133 0.1119 0.1127
February 0.1138 0.1130 0.1134
March 0.1139 0.1134 0.1136
April 0.1136 0.1132 0.1134
May 0.1137 0.1133 0.1135
June 0.1143 0.0804 0.1039
July 0.0807 0.0711 0.0780
August 0.0733 0.0657 0.0710
September 0.0735 0.0726 0.0730
October 0.0743 0.0722 0.0730
November 0.0740 0.0727 0.0734
December 0.0764 0.0734 0.0741