YEARLY HIGH
0.3818 KGS
YEARLY LOW
0.1964 KGS
YEARLY AVERAGE
0.2869 KGS

2016 NGN to KGS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to KGS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.3818. Conversely, the yearly low was recorded on August 22, dropping to 0.1964.

This high-to-low spread represents a total annual volatility of 0.1854 KGS. From a start-to-finish perspective, comparing the January average rate of 0.3812 to the December average rate of 0.2200, the exchange rate registered a net change of -42.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.3818 was down 0.38% compared to the 2015 peak of 0.3833, 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 381,794 KGS
2015 Average 325,520 KGS
Yearly Trough Low 196,394 KGS
Transaction Impact: A difference of 185,399.33 KGS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.3980
0.1961
JanuMarcMayJulySeptNove

NGN to KGS 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 0.3536, compared to 0.2202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1334 points.

H1 Avg (Jan–Jun) 0.3536
H2 Avg (Jul–Dec) 0.2202

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1061 KGS (High: 0.3445 / Low: 0.2384). On the other end, January was the most stable month, with a tight range of 0.0019 KGS (High: 0.3818 / Low: 0.3799).

June Spread (Volatile) ±0.1061
January Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between October and December, 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 0.0804 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0804

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.3812) against the same month in 2015 (average: 0.3191), the exchange rate shifted by +0.0621 (+19.46%).

2016 Avg (January) 0.3812
2015 Avg (January) 0.3191

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3818 0.3799 0.3812
February 0.3814 0.3695 0.3761
March 0.3712 0.3533 0.3633
April 0.3538 0.3431 0.3467
May 0.3451 0.3420 0.3433
June 0.3445 0.2384 0.3109
July 0.2390 0.2124 0.2305
August 0.2209 0.1964 0.2130
September 0.2222 0.2174 0.2196
October 0.2209 0.2164 0.2181
November 0.2214 0.2188 0.2198
December 0.2266 0.2188 0.2200