YEARLY HIGH
0.0019 OMR
YEARLY LOW
0.0011 OMR
YEARLY AVERAGE
0.0016 OMR

2016 NGN to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0019. Conversely, the yearly low was recorded on August 22, dropping to 0.0011.

This high-to-low spread represents a total annual volatility of 0.0008 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0019 to the December average rate of 0.0012, the exchange rate registered a net change of -36.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0019 was down 9.25% compared to the 2015 peak of 0.0021, 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 1,942 OMR
2015 Average 1,947 OMR
Yearly Trough Low 1,106 OMR
Transaction Impact: A difference of 835.92 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0020
0.0011
JanuMarcMayJulySeptNove

NGN to OMR 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 0.0019, compared to 0.0012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0019
H2 Avg (Jul–Dec) 0.0012

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0006 OMR (High: 0.0019 / Low: 0.0014). On the other end, April was the most stable month, with a tight range of 0.0000 OMR (High: 0.0019 / Low: 0.0019).

June Spread (Volatile) ±0.0006
April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0019) against the same month in 2015 (average: 0.0019), the exchange rate shifted by +0.0000 (+0.29%).

2016 Avg (March) 0.0019
2015 Avg (March) 0.0019

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0019 0.0019 0.0019
February 0.0019 0.0019 0.0019
March 0.0019 0.0019 0.0019
April 0.0019 0.0019 0.0019
May 0.0019 0.0019 0.0019
June 0.0019 0.0014 0.0018
July 0.0014 0.0012 0.0013
August 0.0012 0.0011 0.0012
September 0.0012 0.0012 0.0012
October 0.0012 0.0012 0.0012
November 0.0012 0.0012 0.0012
December 0.0013 0.0012 0.0012