2016 NGN to ZMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 NGN to ZMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the NGN to ZMK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 26.4975. Conversely, the yearly low was recorded on August 22, dropping to 15.0950.
This high-to-low spread represents a total annual volatility of 11.4025 ZMK. From a start-to-finish perspective, comparing the January average rate of 26.3845 to the December average rate of 16.6828, 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 26.4975 was down 9.25% compared to the 2015 peak of 29.1976, 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 ZMK 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 25.9998, compared to 16.8687 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.1311 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 7.9084 ZMK (High: 26.4626 / Low: 18.5542). On the other end, April was the most stable month, with a tight range of 0.0463 ZMK (High: 26.4100 / Low: 26.3637).
Growth Streaks & Declines
TrendsBetween August and October, 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 6.1161 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2016: 26.3996) against the same month in 2015 (average: 26.3219), the exchange rate shifted by +0.0777 (+0.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.4246 | 26.2954 | 26.3845 |
| February | 26.4769 | 26.2896 | 26.3999 |
| March | 26.4975 | 26.3570 | 26.3996 |
| April | 26.4100 | 26.3637 | 26.3889 |
| May | 26.4182 | 26.3593 | 26.3843 |
| June | 26.4626 | 18.5542 | 24.0415 |
| July | 18.6322 | 16.3164 | 17.9254 |
| August | 16.8441 | 15.0950 | 16.2986 |
| September | 16.8971 | 16.6679 | 16.7818 |
| October | 17.0106 | 16.6355 | 16.7837 |
| November | 16.8861 | 16.6340 | 16.7400 |
| December | 17.1781 | 16.5679 | 16.6828 |