YEARLY HIGH
0.0036 JOD
YEARLY LOW
0.0020 JOD
YEARLY AVERAGE
0.0029 JOD

2016 NGN to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0036. Conversely, the yearly low was recorded on August 22, dropping to 0.0020.

This high-to-low spread represents a total annual volatility of 0.0015 JOD. From a start-to-finish perspective, comparing the January average rate of 0.0036 to the December average rate of 0.0022, the exchange rate registered a net change of -36.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0036 was down 9.34% compared to the 2015 peak of 0.0039, 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 3,575 JOD
2015 Average 3,583 JOD
Yearly Trough Low 2,035 JOD
Transaction Impact: A difference of 1,540.13 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0037
0.0021
JanuMarcMayJulySeptNove

NGN to JOD 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 0.0035, compared to 0.0023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0035
H2 Avg (Jul–Dec) 0.0023

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0011 JOD (High: 0.0036 / Low: 0.0025). On the other end, April was the most stable month, with a tight range of 0.0000 JOD (High: 0.0036 / Low: 0.0036).

June Spread (Volatile) ±0.0011
April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0008 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0036) against the same month in 2015 (average: 0.0036), the exchange rate shifted by +0.0000 (+0.30%).

2016 Avg (March) 0.0036
2015 Avg (March) 0.0036

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0036 0.0036 0.0036
February 0.0036 0.0035 0.0036
March 0.0036 0.0036 0.0036
April 0.0036 0.0036 0.0036
May 0.0036 0.0036 0.0036
June 0.0036 0.0025 0.0032
July 0.0025 0.0022 0.0024
August 0.0023 0.0020 0.0022
September 0.0023 0.0022 0.0023
October 0.0023 0.0022 0.0023
November 0.0023 0.0022 0.0023
December 0.0023 0.0022 0.0022