YEARLY HIGH
0.0335 TTD
YEARLY LOW
0.0192 TTD
YEARLY AVERAGE
0.0270 TTD

2016 NGN to TTD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to TTD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 18, valuing the pair at 0.0335. Conversely, the yearly low was recorded on August 22, dropping to 0.0192.

This high-to-low spread represents a total annual volatility of 0.0143 TTD. From a start-to-finish perspective, comparing the January average rate of 0.0323 to the December average rate of 0.0214, the exchange rate registered a net change of -33.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0335 was down 5.15% compared to the 2015 peak of 0.0353, 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 33,488 TTD
2015 Average 32,133 TTD
Yearly Trough Low 19,238 TTD
Transaction Impact: A difference of 14,250.42 TTD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0346
0.0195
JanuMarcMayJulySeptNove

NGN to TTD 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 0.0325, compared to 0.0215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.0325
H2 Avg (Jul–Dec) 0.0215

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0100 TTD (High: 0.0335 / Low: 0.0235). On the other end, May was the most stable month, with a tight range of 0.0002 TTD (High: 0.0335 / Low: 0.0333).

June Spread (Volatile) ±0.0100
May Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between January and May, 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 0.0076 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0076

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2016: 0.0334) against the same month in 2015 (average: 0.0319), the exchange rate shifted by +0.0015 (+4.69%).

2016 Avg (May) 0.0334
2015 Avg (May) 0.0319

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0325 0.0322 0.0323
February 0.0328 0.0324 0.0326
March 0.0332 0.0327 0.0330
April 0.0334 0.0330 0.0331
May 0.0335 0.0333 0.0334
June 0.0335 0.0235 0.0304
July 0.0236 0.0209 0.0229
August 0.0215 0.0192 0.0208
September 0.0215 0.0213 0.0214
October 0.0217 0.0212 0.0214
November 0.0216 0.0213 0.0214
December 0.0220 0.0212 0.0214