YEARLY HIGH
0.0184 QAR
YEARLY LOW
0.0105 QAR
YEARLY AVERAGE
0.0149 QAR

2016 NGN to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0184. Conversely, the yearly low was recorded on August 22, dropping to 0.0105.

This high-to-low spread represents a total annual volatility of 0.0079 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0183 to the December average rate of 0.0116, the exchange rate registered a net change of -36.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0184 was down 9.20% compared to the 2015 peak of 0.0202, 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 18,374 QAR
2015 Average 18,408 QAR
Yearly Trough Low 10,461 QAR
Transaction Impact: A difference of 7,912.88 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0190
0.0106
JanuMarcMayJulySeptNove

NGN to QAR 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 0.0180, compared to 0.0117 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.0180
H2 Avg (Jul–Dec) 0.0117

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0055 QAR (High: 0.0183 / Low: 0.0129). On the other end, April was the most stable month, with a tight range of 0.0000 QAR (High: 0.0183 / Low: 0.0183).

June Spread (Volatile) ±0.0055
April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and March, 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 0.0042 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0183) against the same month in 2015 (average: 0.0182), the exchange rate shifted by +0.0001 (+0.29%).

2016 Avg (March) 0.0183
2015 Avg (March) 0.0182

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0183 0.0182 0.0183
February 0.0183 0.0182 0.0183
March 0.0184 0.0183 0.0183
April 0.0183 0.0183 0.0183
May 0.0183 0.0183 0.0183
June 0.0183 0.0129 0.0167
July 0.0129 0.0114 0.0125
August 0.0117 0.0105 0.0113
September 0.0117 0.0116 0.0116
October 0.0118 0.0115 0.0116
November 0.0117 0.0115 0.0116
December 0.0119 0.0115 0.0116