2016 NGN to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
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.
Comparing the value generated converting 1,000,000 NGN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2016.
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)
SeasonalThe 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.
Volatility Range Comparison
VolatilityThe 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).
Growth Streaks & Declines
TrendsNo 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.
Same-Month Historical Baseline
YoY BaselineComparing 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%).
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 |