YEARLY HIGH
3.0636 XAF
YEARLY LOW
1.6690 XAF
YEARLY AVERAGE
2.4185 XAF

2016 NGN to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 3.0636. Conversely, the yearly low was recorded on August 22, dropping to 1.6690.

This high-to-low spread represents a total annual volatility of 1.3945 XAF. From a start-to-finish perspective, comparing the January average rate of 3.0355 to the December average rate of 1.9785, the exchange rate registered a net change of -34.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 3.0636 was down 2.00% compared to the 2015 peak of 3.1262, 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 3,063,571 XAF
2015 Average 2,990,780 XAF
Yearly Trough Low 1,669,046 XAF
Transaction Impact: A difference of 1,394,525.85 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

3.1569
1.7001
JanuMarcMayJulySeptNove

NGN to XAF 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 2.9123, compared to 1.9247 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9876 points.

H1 Avg (Jan–Jun) 2.9123
H2 Avg (Jul–Dec) 1.9247

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.9198 XAF (High: 2.9623 / Low: 2.0425). On the other end, September was the most stable month, with a tight range of 0.0314 XAF (High: 1.8886 / Low: 1.8572).

June Spread (Volatile) ±0.9198
September Spread (Stable) ±0.0314

Growth Streaks & Declines

Trends

Between August and December, 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 0.6418 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.6418

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 3.0355) against the same month in 2015 (average: 3.0350), the exchange rate shifted by +0.0005 (+0.02%).

2016 Avg (January) 3.0355
2015 Avg (January) 3.0350

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.0636 3.0180 3.0355
February 3.0308 2.9145 2.9719
March 3.0336 2.9062 2.9634
April 2.9305 2.8841 2.9090
May 2.9636 2.8644 2.9188
June 2.9623 2.0425 2.6753
July 2.1076 1.8433 2.0335
August 1.8885 1.6690 1.8215
September 1.8886 1.8572 1.8732
October 1.9282 1.8660 1.9027
November 1.9808 1.8795 1.9387
December 2.0414 1.9378 1.9785