YEARLY HIGH
21.1148 SLL
YEARLY LOW
13.9248 SLL
YEARLY AVERAGE
18.9899 SLL

2016 NGN to SLL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 21.1148. Conversely, the yearly low was recorded on June 23, dropping to 13.9248.

This high-to-low spread represents a total annual volatility of 7.1900 SLL. From a start-to-finish perspective, comparing the January average rate of 20.8393 to the December average rate of 17.5666, the exchange rate registered a net change of -15.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 21.1148 was down 10.17% compared to the 2015 peak of 23.5045, 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 21,114,759 SLL
2015 Average 20,965,585 SLL
Yearly Trough Low 13,924,797 SLL
Transaction Impact: A difference of 7,189,961.39 SLL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

21.1980
16.8938
JanuMarcMayJulySeptNove

NGN to SLL 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 20.0623, compared to 17.9175 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1448 points.

H1 Avg (Jan–Jun) 20.0623
H2 Avg (Jul–Dec) 17.9175

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 5.9534 SLL (High: 19.8782 / Low: 13.9248). On the other end, May was the most stable month, with a tight range of 0.1536 SLL (High: 19.8864 / Low: 19.7328).

June Spread (Volatile) ±5.9534
May Spread (Stable) ±0.1536

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.6457 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -1.6457

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 20.8393) against the same month in 2015 (average: 22.6338), the exchange rate shifted by -1.7945 (-7.93%).

2016 Avg (January) 20.8393
2015 Avg (January) 22.6338

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 21.1148 20.6736 20.8393
February 20.7659 20.4054 20.5880
March 20.5059 20.0735 20.3333
April 20.0739 19.8128 19.9280
May 19.8864 19.7328 19.8253
June 19.8782 13.9248 18.8600
July 19.5785 17.3280 18.8981
August 17.9902 16.1394 17.2525
September 18.1564 17.6722 17.9953
October 18.2188 17.8042 17.9629
November 18.0351 17.6613 17.8295
December 17.9631 17.3787 17.5666