YEARLY HIGH
0.0189 SAR
YEARLY LOW
0.0108 SAR
YEARLY AVERAGE
0.0153 SAR

2016 NGN to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0189. Conversely, the yearly low was recorded on August 22, dropping to 0.0108.

This high-to-low spread represents a total annual volatility of 0.0081 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0188 to the December average rate of 0.0119, the exchange rate registered a net change of -36.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0189 was down 9.32% compared to the 2015 peak of 0.0209, 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 18,924 SAR
2015 Average 18,965 SAR
Yearly Trough Low 10,776 SAR
Transaction Impact: A difference of 8,148.44 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0196
0.0109
JanuMarcMayJulySeptNove

NGN to SAR 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 0.0186, compared to 0.0121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0065 points.

H1 Avg (Jan–Jun) 0.0186
H2 Avg (Jul–Dec) 0.0121

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0056 SAR (High: 0.0189 / Low: 0.0133). On the other end, April was the most stable month, with a tight range of 0.0000 SAR (High: 0.0189 / Low: 0.0188).

June Spread (Volatile) ±0.0056
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 0.0043 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0188) against the same month in 2015 (average: 0.0188), the exchange rate shifted by +0.0001 (+0.28%).

2016 Avg (March) 0.0188
2015 Avg (March) 0.0188

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0189 0.0188 0.0188
February 0.0189 0.0188 0.0188
March 0.0189 0.0188 0.0188
April 0.0189 0.0188 0.0188
May 0.0189 0.0188 0.0188
June 0.0189 0.0133 0.0172
July 0.0133 0.0117 0.0128
August 0.0120 0.0108 0.0116
September 0.0121 0.0119 0.0120
October 0.0121 0.0119 0.0120
November 0.0121 0.0119 0.0120
December 0.0123 0.0118 0.0119