YEARLY HIGH
0.1037 MDL
YEARLY LOW
0.0566 MDL
YEARLY AVERAGE
0.0812 MDL

2016 NGN to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 0.1037. Conversely, the yearly low was recorded on August 22, dropping to 0.0566.

This high-to-low spread represents a total annual volatility of 0.0471 MDL. From a start-to-finish perspective, comparing the January average rate of 0.1021 to the December average rate of 0.0639, the exchange rate registered a net change of -37.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1037 was up 2.17% compared to the 2015 peak of 0.1015, 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 103,685 MDL
2015 Average 94,787 MDL
Yearly Trough Low 56,553 MDL
Transaction Impact: A difference of 47,131.54 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1062
0.0571
JanuMarcMayJulySeptNove

NGN to MDL 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 0.0985, compared to 0.0639 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0346 points.

H1 Avg (Jan–Jun) 0.0985
H2 Avg (Jul–Dec) 0.0639

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0304 MDL (High: 0.1000 / Low: 0.0697). On the other end, September was the most stable month, with a tight range of 0.0008 MDL (High: 0.0635 / Low: 0.0627).

June Spread (Volatile) ±0.0304
September Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0228 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.1021) against the same month in 2015 (average: 0.0895), the exchange rate shifted by +0.0126 (+14.08%).

2016 Avg (January) 0.1021
2015 Avg (January) 0.0895

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1037 0.0990 0.1021
February 0.1021 0.1000 0.1009
March 0.1005 0.0982 0.0993
April 0.0991 0.0980 0.0987
May 0.1005 0.0987 0.0995
June 0.1000 0.0697 0.0905
July 0.0703 0.0616 0.0677
August 0.0632 0.0566 0.0612
September 0.0635 0.0627 0.0631
October 0.0640 0.0627 0.0635
November 0.0647 0.0630 0.0639
December 0.0652 0.0629 0.0639