YEARLY HIGH
1.2600 YER
YEARLY LOW
0.7177 YER
YEARLY AVERAGE
0.9725 YER

2016 NGN to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NGN to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 1.2600. Conversely, the yearly low was recorded on August 22, dropping to 0.7177.

This high-to-low spread represents a total annual volatility of 0.5424 YER. From a start-to-finish perspective, comparing the January average rate of 1.0800 to the December average rate of 0.7946, the exchange rate registered a net change of -26.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2600 was up 5.43% compared to the 2015 peak of 1.1951, 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 1,260,046 YER
2015 Average 1,087,334 YER
Yearly Trough Low 717,684 YER
Transaction Impact: A difference of 542,362.21 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.3025
0.7282
JanuMarcMayJulySeptNove

NGN to YER 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 1.1413, compared to 0.8036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3377 points.

H1 Avg (Jan–Jun) 1.1413
H2 Avg (Jul–Dec) 0.8036

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.3796 YER (High: 1.2600 / Low: 0.8804). On the other end, March was the most stable month, with a tight range of 0.0054 YER (High: 1.0844 / Low: 1.0790).

June Spread (Volatile) ±0.3796
March Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between March and May, 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 0.2870 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.2870

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 1.1432) against the same month in 2015 (average: 1.0810), the exchange rate shifted by +0.0622 (+5.75%).

2016 Avg (June) 1.1432
2015 Avg (June) 1.0810

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.0823 1.0759 1.0800
February 1.0836 1.0762 1.0806
March 1.0844 1.0790 1.0805
April 1.2569 1.0795 1.2090
May 1.2572 1.2512 1.2547
June 1.2600 0.8804 1.1432
July 0.8869 0.7814 0.8561
August 0.8018 0.7177 0.7761
September 0.8047 0.7938 0.7991
October 0.8098 0.7919 0.7991
November 0.8037 0.7920 0.7969
December 0.8183 0.7893 0.7946