2016 NGN to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NGN to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NGN to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on June 15, valuing the pair at 14.8200. Conversely, the yearly low was recorded on August 22, dropping to 8.5977.
This high-to-low spread represents a total annual volatility of 6.2223 UZS. From a start-to-finish perspective, comparing the January average rate of 14.1456 to the December average rate of 10.1500, the exchange rate registered a net change of -28.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2016 high of 14.8200 was up 5.04% compared to the 2015 peak of 14.1085, 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 UZS 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 14.2505, compared to 9.8066 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.4439 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 4.4027 UZS (High: 14.8200 / Low: 10.4173). On the other end, February was the most stable month, with a tight range of 0.1222 UZS (High: 14.3423 / Low: 14.2201).
Growth Streaks & Declines
TrendsBetween 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 3.3448 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 13.4755) against the same month in 2015 (average: 12.7800), the exchange rate shifted by +0.6955 (+5.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 14.2188 | 14.0548 | 14.1456 |
| February | 14.3423 | 14.2201 | 14.3000 |
| March | 14.4432 | 14.3189 | 14.3793 |
| April | 14.6046 | 14.4406 | 14.5385 |
| May | 14.7513 | 14.5742 | 14.6639 |
| June | 14.8200 | 10.4173 | 13.4755 |
| July | 10.4809 | 9.2816 | 10.1306 |
| August | 9.5846 | 8.5977 | 9.2544 |
| September | 9.6434 | 9.4857 | 9.5562 |
| October | 9.8672 | 9.5763 | 9.7517 |
| November | 10.0968 | 9.8951 | 9.9964 |
| December | 10.5162 | 10.0536 | 10.1500 |