YEARLY HIGH
0.0178 PEN
YEARLY LOW
0.0096 PEN
YEARLY AVERAGE
0.0138 PEN

2016 NGN to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.0178. Conversely, the yearly low was recorded on August 22, dropping to 0.0096.

This high-to-low spread represents a total annual volatility of 0.0082 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0173 to the December average rate of 0.0108, the exchange rate registered a net change of -37.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0178 was up 3.73% compared to the 2015 peak of 0.0171, 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 17,767 PEN
2015 Average 16,087 PEN
Yearly Trough Low 9,586 PEN
Transaction Impact: A difference of 8,181.18 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0183
0.0096
JanuMarcMayJulySeptNove

NGN to PEN 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 0.0168, compared to 0.0108 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0059 points.

H1 Avg (Jan–Jun) 0.0168
H2 Avg (Jul–Dec) 0.0108

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0054 PEN (High: 0.0170 / Low: 0.0116). On the other end, November was the most stable month, with a tight range of 0.0002 PEN (High: 0.0109 / Low: 0.0107).

June Spread (Volatile) ±0.0054
November Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between August and November, 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 0.0039 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.0176) against the same month in 2015 (average: 0.0155), the exchange rate shifted by +0.0021 (+13.46%).

2016 Avg (February) 0.0176
2015 Avg (February) 0.0155

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0174 0.0171 0.0173
February 0.0178 0.0175 0.0176
March 0.0177 0.0167 0.0171
April 0.0170 0.0163 0.0166
May 0.0169 0.0165 0.0167
June 0.0170 0.0116 0.0152
July 0.0117 0.0105 0.0113
August 0.0108 0.0096 0.0103
September 0.0109 0.0107 0.0108
October 0.0110 0.0107 0.0108
November 0.0109 0.0107 0.0108
December 0.0110 0.0106 0.0108