YEARLY HIGH
0.0433 SEK
YEARLY LOW
0.0241 SEK
YEARLY AVERAGE
0.0347 SEK

2016 NGN to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 2, valuing the pair at 0.0433. Conversely, the yearly low was recorded on August 22, dropping to 0.0241.

This high-to-low spread represents a total annual volatility of 0.0192 SEK. From a start-to-finish perspective, comparing the January average rate of 0.0429 to the December average rate of 0.0293, the exchange rate registered a net change of -31.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0433 was down 3.35% compared to the 2015 peak of 0.0448, 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 43,252 SEK
2015 Average 42,637 SEK
Yearly Trough Low 24,068 SEK
Transaction Impact: A difference of 19,184.31 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0446
0.0246
JanuMarcMayJulySeptNove

NGN to SEK 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 0.0412, compared to 0.0282 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0130 points.

H1 Avg (Jan–Jun) 0.0412
H2 Avg (Jul–Dec) 0.0282

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0131 SEK (High: 0.0419 / Low: 0.0288). On the other end, April was the most stable month, with a tight range of 0.0006 SEK (High: 0.0410 / Low: 0.0404).

June Spread (Volatile) ±0.0131
April Spread (Stable) ±0.0006

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 0.0086 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0419) against the same month in 2015 (average: 0.0428), the exchange rate shifted by -0.0009 (-2.10%).

2016 Avg (March) 0.0419
2015 Avg (March) 0.0428

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0432 0.0423 0.0429
February 0.0430 0.0421 0.0426
March 0.0433 0.0409 0.0419
April 0.0410 0.0404 0.0408
May 0.0419 0.0401 0.0413
June 0.0419 0.0288 0.0379
July 0.0304 0.0268 0.0293
August 0.0274 0.0241 0.0263
September 0.0276 0.0269 0.0273
October 0.0288 0.0273 0.0281
November 0.0297 0.0285 0.0291
December 0.0298 0.0287 0.0293