YEARLY HIGH
104.3219 NGN
YEARLY LOW
56.2845 NGN
YEARLY AVERAGE
76.3441 NGN

2016 PEN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the PEN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 22, valuing the pair at 104.3219. Conversely, the yearly low was recorded on February 25, dropping to 56.2845.

This high-to-low spread represents a total annual volatility of 48.0374 NGN. From a start-to-finish perspective, comparing the January average rate of 57.9468 to the December average rate of 92.6955, the exchange rate registered a net change of 59.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 104.3219 was up 56.65% compared to the 2015 peak of 66.5974, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 PEN based on timing:

Yearly Peak High 521,609 NGN
2015 Average 311,057 NGN
Yearly Trough Low 281,422 NGN
Transaction Impact: A difference of 240,187.05 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

100.7643
52.7625
JanuMarcMayJulySeptNove

PEN to NGN 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 60.1344, compared to 92.5538 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 32.4194 points.

H1 Avg (Jan–Jun) 60.1344
H2 Avg (Jul–Dec) 92.5538

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 27.2004 NGN (High: 86.1639 / Low: 58.9636). On the other end, February was the most stable month, with a tight range of 0.9351 NGN (High: 57.2196 / Low: 56.2845).

June Spread (Volatile) ±27.2004
February Spread (Stable) ±0.9351

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 4.1343 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -4.1343

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2016: 96.7642) against the same month in 2015 (average: 61.4958), the exchange rate shifted by +35.2684 (+57.35%).

2016 Avg (August) 96.7642
2015 Avg (August) 61.4958

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 58.3813 57.3352 57.9468
February 57.2196 56.2845 56.7626
March 59.8410 56.5612 58.4559
April 61.2477 58.7217 60.2778
May 60.6321 59.0620 59.7700
June 86.1639 58.9636 67.5933
July 95.3869 85.8304 88.5234
August 104.3219 92.2097 96.7642
September 93.5369 91.8374 92.6299
October 93.8961 90.6992 92.4562
November 93.1030 91.5541 92.2538
December 94.0542 91.2062 92.6955