YEARLY HIGH
0.4559 LRD
YEARLY LOW
0.2680 LRD
YEARLY AVERAGE
0.3627 LRD

2016 NGN to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 0.4559. Conversely, the yearly low was recorded on August 22, dropping to 0.2680.

This high-to-low spread represents a total annual volatility of 0.1879 LRD. From a start-to-finish perspective, comparing the January average rate of 0.4298 to the December average rate of 0.2921, the exchange rate registered a net change of -32.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.4559 was down 10.36% compared to the 2015 peak of 0.5085, 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 455,852 LRD
2015 Average 434,500 LRD
Yearly Trough Low 267,960 LRD
Transaction Impact: A difference of 187,892.44 LRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.4716
0.2679
JanuMarcMayJulySeptNove

NGN to LRD 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 0.4318, compared to 0.2935 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1383 points.

H1 Avg (Jan–Jun) 0.4318
H2 Avg (Jul–Dec) 0.2935

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1362 LRD (High: 0.4559 / Low: 0.3197). On the other end, May was the most stable month, with a tight range of 0.0009 LRD (High: 0.4551 / Low: 0.4542).

June Spread (Volatile) ±0.1362
May Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between February and May, 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 0.1050 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 0.4142) against the same month in 2015 (average: 0.4253), the exchange rate shifted by -0.0111 (-2.61%).

2016 Avg (June) 0.4142
2015 Avg (June) 0.4253

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4473 0.4246 0.4298
February 0.4264 0.4213 0.4248
March 0.4270 0.4248 0.4255
April 0.4550 0.4251 0.4420
May 0.4551 0.4542 0.4546
June 0.4559 0.3197 0.4142
July 0.3210 0.2828 0.3092
August 0.2970 0.2680 0.2849
September 0.2952 0.2896 0.2923
October 0.2963 0.2859 0.2923
November 0.2933 0.2881 0.2901
December 0.3041 0.2875 0.2921