YEARLY HIGH
0.1437 NIO
YEARLY LOW
0.0829 NIO
YEARLY AVERAGE
0.1164 NIO

2016 NGN to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 0.1437. Conversely, the yearly low was recorded on August 22, dropping to 0.0829.

This high-to-low spread represents a total annual volatility of 0.0607 NIO. From a start-to-finish perspective, comparing the January average rate of 0.1397 to the December average rate of 0.0931, the exchange rate registered a net change of -33.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.1437 was down 2.70% compared to the 2015 peak of 0.1477, 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 143,683 NIO
2015 Average 136,912 NIO
Yearly Trough Low 82,936 NIO
Transaction Impact: A difference of 60,747.33 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.1484
0.0841
JanuMarcMayJulySeptNove

NGN to NIO 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 0.1397, compared to 0.0931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0466 points.

H1 Avg (Jan–Jun) 0.1397
H2 Avg (Jul–Dec) 0.0931

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0426 NIO (High: 0.1437 / Low: 0.1011). On the other end, May was the most stable month, with a tight range of 0.0010 NIO (High: 0.1435 / Low: 0.1425).

June Spread (Volatile) ±0.0426
May Spread (Stable) ±0.0010

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 0.0328 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0328

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 0.1307) against the same month in 2015 (average: 0.1354), the exchange rate shifted by -0.0047 (-3.46%).

2016 Avg (June) 0.1307
2015 Avg (June) 0.1354

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1407 0.1390 0.1397
February 0.1416 0.1389 0.1409
March 0.1425 0.1414 0.1420
April 0.1426 0.1407 0.1416
May 0.1435 0.1425 0.1431
June 0.1437 0.1011 0.1307
July 0.1013 0.0898 0.0979
August 0.0927 0.0829 0.0895
September 0.0932 0.0919 0.0925
October 0.0938 0.0922 0.0928
November 0.0936 0.0924 0.0928
December 0.0967 0.0918 0.0931