YEARLY HIGH
4.5396 KPW
YEARLY LOW
2.5865 KPW
YEARLY AVERAGE
3.6736 KPW

2016 NGN to KPW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 4.5396. Conversely, the yearly low was recorded on August 22, dropping to 2.5865.

This high-to-low spread represents a total annual volatility of 1.9531 KPW. From a start-to-finish perspective, comparing the January average rate of 4.5209 to the December average rate of 2.8585, the exchange rate registered a net change of -36.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 4.5396 was down 9.25% compared to the 2015 peak of 5.0024, 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 4,539,601 KPW
2015 Average 4,550,118 KPW
Yearly Trough Low 2,586,466 KPW
Transaction Impact: A difference of 1,953,135.09 KPW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

4.6965
2.6207
JanuMarcMayJulySeptNove

NGN to KPW 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 4.4549, compared to 2.8923 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5626 points.

H1 Avg (Jan–Jun) 4.4549
H2 Avg (Jul–Dec) 2.8923

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 1.3548 KPW (High: 4.5333 / Low: 3.1785). On the other end, April was the most stable month, with a tight range of 0.0081 KPW (High: 4.5254 / Low: 4.5173).

June Spread (Volatile) ±1.3548
April Spread (Stable) ±0.0081

Growth Streaks & Declines

Trends

Between August and October, 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 1.0376 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -1.0376

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 4.5234) against the same month in 2015 (average: 4.5104), the exchange rate shifted by +0.0129 (+0.29%).

2016 Avg (March) 4.5234
2015 Avg (March) 4.5104

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4.5268 4.5056 4.5209
February 4.5358 4.5046 4.5235
March 4.5396 4.5162 4.5234
April 4.5254 4.5173 4.5215
May 4.5257 4.5165 4.5208
June 4.5333 3.1785 4.1194
July 3.1919 2.8129 3.0819
August 2.8862 2.5865 2.7937
September 2.8958 2.8560 2.8755
October 2.9147 2.8510 2.8760
November 2.8928 2.8496 2.8682
December 2.9434 2.8394 2.8585