YEARLY HIGH
0.0136 XCD
YEARLY LOW
0.0078 XCD
YEARLY AVERAGE
0.0110 XCD

2016 NGN to XCD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to XCD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 0.0136. Conversely, the yearly low was recorded on August 22, dropping to 0.0078.

This high-to-low spread represents a total annual volatility of 0.0059 XCD. From a start-to-finish perspective, comparing the January average rate of 0.0136 to the December average rate of 0.0086, the exchange rate registered a net change of -36.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0136 was down 9.26% compared to the 2015 peak of 0.0150, 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 13,625 XCD
2015 Average 13,656 XCD
Yearly Trough Low 7,756 XCD
Transaction Impact: A difference of 5,869.50 XCD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0141
0.0079
JanuMarcMayJulySeptNove

NGN to XCD 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 0.0134, compared to 0.0087 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.0134
H2 Avg (Jul–Dec) 0.0087

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0041 XCD (High: 0.0136 / Low: 0.0095). On the other end, April was the most stable month, with a tight range of 0.0000 XCD (High: 0.0136 / Low: 0.0136).

June Spread (Volatile) ±0.0041
April Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0031 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2016: 0.0136) against the same month in 2015 (average: 0.0135), the exchange rate shifted by +0.0000 (+0.28%).

2016 Avg (March) 0.0136
2015 Avg (March) 0.0135

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0136 0.0135 0.0136
February 0.0136 0.0135 0.0136
March 0.0136 0.0136 0.0136
April 0.0136 0.0136 0.0136
May 0.0136 0.0136 0.0136
June 0.0136 0.0095 0.0124
July 0.0096 0.0084 0.0093
August 0.0087 0.0078 0.0084
September 0.0087 0.0086 0.0086
October 0.0087 0.0085 0.0086
November 0.0087 0.0085 0.0086
December 0.0088 0.0085 0.0086