YEARLY HIGH
0.0352 SRD
YEARLY LOW
0.0200 SRD
YEARLY AVERAGE
0.0240 SRD

2016 NGN to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 19, valuing the pair at 0.0352. Conversely, the yearly low was recorded on March 31, dropping to 0.0200.

This high-to-low spread represents a total annual volatility of 0.0152 SRD. From a start-to-finish perspective, comparing the January average rate of 0.0201 to the December average rate of 0.0234, the exchange rate registered a net change of 16.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0352 was up 75.39% compared to the 2015 peak of 0.0201, 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 35,177 SRD
2015 Average 16,860 SRD
Yearly Trough Low 19,983 SRD
Transaction Impact: A difference of 15,194.43 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0327
0.0189
JanuMarcMayJulySeptNove

NGN to SRD 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 0.0246, compared to 0.0233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0246
H2 Avg (Jul–Dec) 0.0233

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0104 SRD (High: 0.0352 / Low: 0.0247). On the other end, January was the most stable month, with a tight range of 0.0001 SRD (High: 0.0201 / Low: 0.0200).

June Spread (Volatile) ±0.0104
January Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and June, 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 0.0074 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 0.0315) against the same month in 2015 (average: 0.0165), the exchange rate shifted by +0.0150 (+91.03%).

2016 Avg (June) 0.0315
2015 Avg (June) 0.0165

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0201 0.0200 0.0201
February 0.0201 0.0200 0.0201
March 0.0201 0.0200 0.0201
April 0.0287 0.0255 0.0268
May 0.0325 0.0279 0.0293
June 0.0352 0.0247 0.0315
July 0.0251 0.0222 0.0242
August 0.0236 0.0206 0.0223
September 0.0248 0.0228 0.0240
October 0.0245 0.0217 0.0231
November 0.0234 0.0223 0.0230
December 0.0242 0.0232 0.0234