2016 NGN to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NGN to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NGN to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 9, valuing the pair at 41.1597. Conversely, the yearly low was recorded on August 22, dropping to 23.2399.
This high-to-low spread represents a total annual volatility of 17.9197 LAK. From a start-to-finish perspective, comparing the January average rate of 40.9139 to the December average rate of 25.9146, the exchange rate registered a net change of -36.66% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 41.1597 was down 8.68% compared to the 2015 peak of 45.0736, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
NGN to LAK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 40.2013, compared to 26.0912 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.1101 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 12.1823 LAK (High: 40.8271 / Low: 28.6448). On the other end, January was the most stable month, with a tight range of 0.2980 LAK (High: 41.0341 / Low: 40.7361).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 9.4043 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2016: 40.8306) against the same month in 2015 (average: 40.9372), the exchange rate shifted by -0.1066 (-0.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 41.0341 | 40.7361 | 40.9139 |
| February | 41.1597 | 40.5935 | 40.8306 |
| March | 41.0687 | 40.6889 | 40.8509 |
| April | 40.8437 | 40.5017 | 40.7414 |
| May | 41.0023 | 40.7022 | 40.7728 |
| June | 40.8271 | 28.6448 | 37.0983 |
| July | 28.7163 | 25.2818 | 27.6940 |
| August | 25.9152 | 23.2399 | 25.1161 |
| September | 26.0801 | 25.6793 | 25.8653 |
| October | 26.3092 | 25.7489 | 25.9483 |
| November | 26.2154 | 25.8457 | 26.0090 |
| December | 26.8582 | 25.2770 | 25.9146 |