2016 NGN to TOP Historical Review

YEARLY HIGH

0.0117 TOP

YEARLY LOW

0.0065 TOP

YEARLY AVERAGE

0.0092 TOP

2016 NGN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 0.0117. Conversely, the yearly low was recorded on August 22, dropping to 0.0065.

This high-to-low spread represents a total annual volatility of 0.0053 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0113 to the December average rate of 0.0072, the exchange rate registered a net change of -36.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0117 was up 2.46% compared to the 2015 peak of 0.0115, 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 11,749 TOP

2015 Average 10,715 TOP

Yearly Trough Low 6,468 TOP

Transaction Impact: A difference of 5,280.50 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0119

0.0066

JanuMarcMayJulySeptNove

NGN to TOP 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 0.0111, compared to 0.0072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.0111

H2 Avg (Jul–Dec) 0.0072

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0036 TOP (High: 0.0115 / Low: 0.0078). On the other end, September was the most stable month, with a tight range of 0.0001 TOP (High: 0.0073 / Low: 0.0071).

June Spread (Volatile) ±0.0036

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0025 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.0114) against the same month in 2015 (average: 0.0101), the exchange rate shifted by +0.0013 (+12.91%).

2016 Avg (February) 0.0114

2015 Avg (February) 0.0101

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0115	0.0112	0.0113
February	0.0117	0.0113	0.0114
March	0.0114	0.0112	0.0113
April	0.0113	0.0111	0.0112
May	0.0114	0.0112	0.0113
June	0.0115	0.0078	0.0103
July	0.0080	0.0071	0.0078
August	0.0072	0.0065	0.0070
September	0.0073	0.0071	0.0072
October	0.0072	0.0070	0.0071
November	0.0073	0.0070	0.0071
December	0.0075	0.0071	0.0072