YEARLY HIGH
0.0414 SBD
YEARLY LOW
0.0225 SBD
YEARLY AVERAGE
0.0324 SBD

2016 NGN to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 0.0414. Conversely, the yearly low was recorded on August 22, dropping to 0.0225.

This high-to-low spread represents a total annual volatility of 0.0188 SBD. From a start-to-finish perspective, comparing the January average rate of 0.0409 to the December average rate of 0.0251, the exchange rate registered a net change of -38.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0414 was down 2.89% compared to the 2015 peak of 0.0426, 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 41,356 SBD
2015 Average 39,728 SBD
Yearly Trough Low 22,528 SBD
Transaction Impact: A difference of 18,827.86 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0426
0.0226
JanuMarcMayJulySeptNove

NGN to SBD 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 0.0394, compared to 0.0253 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0141 points.

H1 Avg (Jan–Jun) 0.0394
H2 Avg (Jul–Dec) 0.0253

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0117 SBD (High: 0.0393 / Low: 0.0276). On the other end, May was the most stable month, with a tight range of 0.0002 SBD (High: 0.0392 / Low: 0.0390).

June Spread (Volatile) ±0.0117
May 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 0.0087 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0409) against the same month in 2015 (average: 0.0409), the exchange rate shifted by -0.0000 (-0.04%).

2016 Avg (January) 0.0409
2015 Avg (January) 0.0409

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0414 0.0406 0.0409
February 0.0411 0.0406 0.0408
March 0.0408 0.0395 0.0401
April 0.0402 0.0392 0.0398
May 0.0392 0.0390 0.0392
June 0.0393 0.0276 0.0357
July 0.0281 0.0247 0.0270
August 0.0251 0.0225 0.0243
September 0.0252 0.0247 0.0250
October 0.0254 0.0249 0.0251
November 0.0255 0.0249 0.0252
December 0.0260 0.0246 0.0251