YEARLY HIGH
0.0310 SDG
YEARLY LOW
0.0175 SDG
YEARLY AVERAGE
0.0251 SDG

2016 NGN to SDG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0310. Conversely, the yearly low was recorded on August 22, dropping to 0.0175.

This high-to-low spread represents a total annual volatility of 0.0135 SDG. From a start-to-finish perspective, comparing the January average rate of 0.0307 to the December average rate of 0.0206, the exchange rate registered a net change of -32.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0310 was down 4.74% compared to the 2015 peak of 0.0325, 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 30,969 SDG
2015 Average 30,393 SDG
Yearly Trough Low 17,457 SDG
Transaction Impact: A difference of 13,512.06 SDG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0319
0.0177
JanuMarcMayJulySeptNove

NGN to SDG 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 0.0302, compared to 0.0200 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 0.0302
H2 Avg (Jul–Dec) 0.0200

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0091 SDG (High: 0.0306 / Low: 0.0215). On the other end, February was the most stable month, with a tight range of 0.0001 SDG (High: 0.0307 / Low: 0.0306).

June Spread (Volatile) ±0.0091
February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0070 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 0.0307) against the same month in 2015 (average: 0.0315), the exchange rate shifted by -0.0008 (-2.49%).

2016 Avg (January) 0.0307
2015 Avg (January) 0.0315

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0310 0.0306 0.0307
February 0.0307 0.0306 0.0307
March 0.0307 0.0306 0.0306
April 0.0307 0.0306 0.0306
May 0.0306 0.0306 0.0306
June 0.0306 0.0215 0.0278
July 0.0216 0.0190 0.0208
August 0.0195 0.0175 0.0189
September 0.0196 0.0193 0.0194
October 0.0205 0.0193 0.0198
November 0.0208 0.0202 0.0206
December 0.0213 0.0204 0.0206