2016 NGN to USD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NGN to USD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NGN to USD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0050. Conversely, the yearly low was recorded on August 22, dropping to 0.0029.
This high-to-low spread represents a total annual volatility of 0.0022 USD. From a start-to-finish perspective, comparing the January average rate of 0.0050 to the December average rate of 0.0032, the exchange rate registered a net change of -36.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 0.0050 was down 9.24% compared to the 2015 peak of 0.0056, 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 USD 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 0.0049, compared to 0.0032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 0.0015 USD (High: 0.0050 / Low: 0.0035). On the other end, April was the most stable month, with a tight range of 0.0000 USD (High: 0.0050 / Low: 0.0050).
Growth Streaks & Declines
TrendsBetween January and March, 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 0.0012 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2016: 0.0050) against the same month in 2015 (average: 0.0050), the exchange rate shifted by +0.0000 (+0.29%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 0.0050 | 0.0050 | 0.0050 |
| February | 0.0050 | 0.0050 | 0.0050 |
| March | 0.0050 | 0.0050 | 0.0050 |
| April | 0.0050 | 0.0050 | 0.0050 |
| May | 0.0050 | 0.0050 | 0.0050 |
| June | 0.0050 | 0.0035 | 0.0046 |
| July | 0.0035 | 0.0031 | 0.0034 |
| August | 0.0032 | 0.0029 | 0.0031 |
| September | 0.0032 | 0.0032 | 0.0032 |
| October | 0.0032 | 0.0032 | 0.0032 |
| November | 0.0032 | 0.0032 | 0.0032 |
| December | 0.0033 | 0.0032 | 0.0032 |