YEARLY HIGH
0.0222 MYR
YEARLY LOW
0.0116 MYR
YEARLY AVERAGE
0.0169 MYR

2016 NGN to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0222. Conversely, the yearly low was recorded on August 22, dropping to 0.0116.

This high-to-low spread represents a total annual volatility of 0.0106 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0218 to the December average rate of 0.0142, the exchange rate registered a net change of -34.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0222 was down 0.77% compared to the 2015 peak of 0.0224, 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 22,208 MYR
2015 Average 19,729 MYR
Yearly Trough Low 11,570 MYR
Transaction Impact: A difference of 10,637.96 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0227
0.0116
JanuMarcMayJulySeptNove

NGN to MYR 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 0.0203, compared to 0.0135 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.0203
H2 Avg (Jul–Dec) 0.0135

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0068 MYR (High: 0.0209 / Low: 0.0141). On the other end, September was the most stable month, with a tight range of 0.0003 MYR (High: 0.0132 / Low: 0.0129).

June Spread (Volatile) ±0.0068
September Spread (Stable) ±0.0003

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 0.0049 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0049

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0218) against the same month in 2015 (average: 0.0192), the exchange rate shifted by +0.0025 (+13.13%).

2016 Avg (January) 0.0218
2015 Avg (January) 0.0192

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0222 0.0207 0.0218
February 0.0212 0.0207 0.0210
March 0.0209 0.0196 0.0204
April 0.0198 0.0194 0.0196
May 0.0207 0.0197 0.0203
June 0.0209 0.0141 0.0187
July 0.0143 0.0126 0.0137
August 0.0131 0.0116 0.0125
September 0.0132 0.0129 0.0131
October 0.0135 0.0131 0.0133
November 0.0142 0.0133 0.0138
December 0.0147 0.0140 0.0142